According to the public record, 7 Prewetts Mill Apartments, Horsham is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Prewetts Mill Apartments, Mill Bay Lane, Horsham, RH12.
Mill Bay Lane, Horsham, RH12 is located in the borough of Horsham within the RH12 postal district.
7 Prewetts Mill Apartments, Horsham has a single entry in the Land Registry database from December 2018 and a single entry in the EPC database dated November 2017.
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 7 Prewetts Mill Apartments Horsham as £254,204 and the rental value as £1,097 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 7 Prewetts Mill Apartments Horsham has increased by £3,030 (1.2%) and its rental value has increased by £50 per month (4.6%).
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 7 Prewetts Mill Apartments, Horsham is in very good condition we estimate a sale value of £266,914 and rental value of £1,152 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £236,410 and a rental value of £1,020 per month.
If you were able to purchase this property for the estimated value of £254,204, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,249 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, 7 Prewetts Mill Apartments, Horsham was last sold on 13 Dec 2018 for £245,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2018, the market for similar properties has risen 8.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Prewetts Mill Apartments, Horsham within a radius of 580 metres over the last 2 years.
The most recent example is 9 Prewetts Mill Apartments, Mill Bay Lane, Horsham, RH12 1ST, a Leasehold flat which sold for £270,000 in Jul 2022.
Read more about house prices in RH12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Bay Lane, Horsham, RH12 has a total of 120 addresses. According to our analysis of all the public data, 7 Prewetts Mill Apartments, Horsham is the 41st largest and the 34th most expensive property on the street.
When compared to the postcode district it is £204k less expensive than the average property in RH12.
7 Prewetts Mill Apartments, Horsham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Nov 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to 7 Prewetts Mill Apartments, Horsham is Horsham station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7 Prewetts Mill Apartments, Horsham, 42.1% of property is privately owned outright and 28.7% 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 7 Prewetts Mill Apartments, Horsham, 12.1% of residents are recorded as possessing school level qualifications and 37.0% 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 7 Prewetts Mill Apartments, Horsham, the average age was 42.1 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 7 Prewetts Mill Apartments, Horsham, 1.2% 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 7 Prewetts Mill Apartments, Horsham, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.