According to the public record, 40, Millpond Lane, Horsham is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Millpond Lane, Faygate, Horsham, RH12 is located in the borough of Horsham within the RH12 postal district.
40, Millpond Lane, Horsham has 2 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated April 2014.
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 40 Millpond Lane Horsham as £259,663 and the rental value as £1,299 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 40 Millpond Lane Horsham has increased by £5,449 (2.1%) and its rental value has increased by £88 per month (6.7%).
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 40, Millpond Lane, Horsham is in very good condition we estimate a sale value of £272,646 and rental value of £1,364 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £241,487 and a rental value of £1,208 per month.
If you were able to purchase this property for the estimated value of £259,663, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,276 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, 40, Millpond Lane, Horsham was last sold on 08 Dec 2023 for £145,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2023, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Millpond Lane, Horsham within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 43, Millpond Lane, Horsham, RH12 0AQ, a Leasehold flat which sold for £142,500 in Jun 2024.
Read more about house prices in RH12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millpond Lane, Faygate, Horsham, RH12 has a total of 48 addresses. According to our analysis of all the public data, 40, Millpond Lane, Horsham is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £199k less expensive than the average property in RH12.
40, Millpond Lane, Horsham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Apr 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 40, Millpond Lane, Horsham is Faygate station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 40, Millpond Lane, Horsham, 50.0% of property is privately owned outright and 41.7% 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 40, Millpond Lane, Horsham, 15.6% of residents are recorded as possessing school level qualifications and 42.1% 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 40, Millpond Lane, Horsham, the average age was 39.6 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 40, Millpond Lane, Horsham, 3.2% 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 40, Millpond Lane, Horsham, there are an average of 2.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.