According to the public record, 26, Somergate, Horsham is a modern leasehold apartment with 479 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Somergate, Horsham, RH12 is located in the borough of Horsham within the RH12 postal district.
26, Somergate, Horsham has 31 entries in the Land Registry database, most recently in April 2019 and a single entry in the EPC database dated June 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 26 Somergate Horsham as £178,235 and the rental value as £999 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 26 Somergate Horsham has increased by £3,355 (1.9%) and its rental value has increased by £54 per month (5.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 26, Somergate, Horsham is in very good condition we estimate a sale value of £187,147 and rental value of £1,049 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £165,759 and a rental value of £929 per month.
If you were able to purchase this property for the estimated value of £178,235, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £876 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 26, Somergate, Horsham was last sold on 23 Apr 2019 for £161,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2019, the market for similar properties has risen 9.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 26, Somergate, Horsham within a radius of 640 metres over the last 2 years.
The most recent example is 35, Meadvale, Horsham, RH12 1UL, a Leasehold flat which sold for £175,000 in Nov 2023.
Read more about house prices in RH12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somergate, Horsham, RH12 has a total of 35 addresses. According to our analysis of all the public data, 26, Somergate, Horsham is the 32nd largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £280k less expensive than the average property in RH12.
26, Somergate, Horsham has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 05 Jun 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using room heaters.
The closest station to 26, Somergate, Horsham is Christs Hospital station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 26, Somergate, Horsham, 41.3% of property is privately owned with a mortgage and 31.9% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 26, Somergate, Horsham, 14.3% of residents are recorded as possessing school level qualifications and 35.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 26, Somergate, Horsham, the average age was 39.1 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 26, Somergate, Horsham, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 26, Somergate, Horsham, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.