12, DRAKES WAY, WOKING, GU22 0NX - £700,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 DRAKES WAY is a small detached house of 122m², built sometime between 1976 and 1982, which could now be worth an estimated £775,111. It was last sold for £700,000 in September 2018, which was around 17% below the average September 2018 detached price in the Woking local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

12 DRAKES WAY Sold Prices

Land registry data shows two sales for 12 DRAKES WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Woking local authority area for the corresponding sale date. Both of the two 12 DRAKES WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 6 SEP	£700,000	£838,675	17% below HPI
2014 27 NOV	£580,000	£713,835	19% below HPI

12 DRAKES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Woking local authority area over time, sourced from the HPI. The two 12 DRAKES WAY sales from November 2014 and September 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2018 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 12 DRAKES WAY be worth now?

12 DRAKES WAY might now be worth an estimated £775,111.

This is based on house price inflation of 10.7%, between September 2018 and December 2024, for detached houses, in the Woking local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.7% inflationary increase is applied to the most recent sale price for 12 DRAKES WAY of £700,000 on 6th September 2018. For the value to have increased from £700,000 to £775,111 over the five years and nine months to December 2024, the following assumptions must hold true:

• The value of 12 DRAKES WAY has moved in line with the HPI for detached houses in the Woking local authority area.
• The September 2018 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 12 DRAKES WAY has not materially changed since September 2018.

How Large is 12 DRAKES WAY?

12 DRAKES WAY is 122m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 40% of detached houses houses in Woking, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woking, and where 12 DRAKES WAY lies on this distribution: 38% of detached houses houses are smaller than 12 DRAKES WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Woking.

12 DRAKES WAY: Plot and Title Map

12 DRAKES WAY sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 12 DRAKES WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 DRAKES WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 DRAKES WAY?

12 DRAKES WAY is located in WOKING, in the GU22 postcode district. The below map shows the position of No. 12 on DRAKES WAY.