According to the public record, 3, Mill Way, Billingshurst is a mid-century freehold house with 914 ft2 of internal area and sits on a 229 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mill Way, Billingshurst, RH14 is located in the borough of Horsham within the RH14 postal district.
3, Mill Way, Billingshurst has a single entry in the Land Registry database from June 2023 and a single entry in the EPC database dated December 2022.
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 3 Mill Way Billingshurst as £366,261 and the rental value as £1,522 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 3 Mill Way Billingshurst has increased by £11,782 (3.2%) and its rental value has increased by £76 per month (5.0%).
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 3, Mill Way, Billingshurst is in very good condition we estimate a sale value of £384,574 and rental value of £1,598 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £340,623 and a rental value of £1,415 per month.
If you were able to purchase this property for the estimated value of £366,261, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,800 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 data from HM Land Registry, 3, Mill Way, Billingshurst sits on a plot of 229m2.
We have plot size data on 12 out of 23 other houses in the postcode and 3, Mill Way, Billingshurst sits on the 9th largest plot.
According to HM Land Registry, 3, Mill Way, Billingshurst was last sold on 02 Jun 2023 for £365,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2023, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Mill Way, Billingshurst within a radius of 620 metres over the last 2 years.
The most recent example is 17, Mill Way, Billingshurst, RH14 9LB, a Freehold house which sold for £375,000 in May 2022.
Read more about house prices in RH14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Way, Billingshurst, RH14 has a total of 31 addresses. According to our analysis of all the public data, 3, Mill Way, Billingshurst is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £191k less expensive than the average property in RH14.
3, Mill Way, Billingshurst has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Dec 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, Mill Way, Billingshurst is Billingshurst station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Mill Way, Billingshurst, 64.4% of property is socially rented and 17.5% is privately owned with a mortgage.
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 3, Mill Way, Billingshurst, 21.7% of residents are recorded as possessing school level qualifications and 19.6% 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 3, Mill Way, Billingshurst, the average age was 40.9 and the most common age was 52.
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 3, Mill Way, Billingshurst, 1.7% 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 3, Mill Way, Billingshurst, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.