According to the public record, 78, Illett Way, Horsham is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Illett Way, Faygate, Horsham, RH12 is located in the borough of Horsham within the RH12 postal district.
78, Illett Way, Horsham has a single entry in the Land Registry database from May 2021 and a single entry in the EPC database dated April 2021.
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 good condition, we estimate the current sale value for 78 Illett Way Horsham as £286,259 and the rental value as £1,372 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 78 Illett Way Horsham has increased by £6,007 (2.1%) and its rental value has increased by £92 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 78, Illett Way, Horsham is in very good condition we estimate a sale value of £300,572 and rental value of £1,441 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £266,221 and a rental value of £1,276 per month.
If you were able to purchase this property for the estimated value of £286,259, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,407 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, 78, Illett Way, Horsham was last sold on 11 May 2021 for £269,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2021, the market for similar properties has risen 8.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Illett Way, Horsham within a radius of 700 metres over the last 2 years.
The most recent example is 86, Illett Way, Horsham, RH12 0BL, a Leasehold flat which sold for £255,000 in Feb 2024.
Read more about house prices in RH12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Illett Way, Faygate, Horsham, RH12 has a total of 149 addresses. According to our analysis of all the public data, 78, Illett Way, Horsham is the 106th largest and the 118th most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in RH12.
78, Illett Way, Horsham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Apr 2021.
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 78, Illett Way, Horsham is Faygate station which is 1.8 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 78, Illett Way, 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 78, Illett Way, 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 78, Illett Way, 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 78, Illett Way, 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 78, Illett Way, 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.