2, ELDER WAY, NORTH HOLMWOOD, DORKING, RH5 4TD - £495,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 ELDER WAY is a very small extended detached house of 97m², built sometime between 1983 and 1990. It was last sold for £495,000 in May 2019, which was around 37% below the average May 2019 detached price in the Mole Valley local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

2 ELDER WAY Sold Prices

Land registry data shows two sales for 2 ELDER 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 Mole Valley local authority area for the corresponding sale date. Both of the two 2 ELDER 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
2019 22 MAY	£495,000	£780,218	37% below HPI
2001 14 SEP	£235,000	£359,199	35% below HPI

2 ELDER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mole Valley local authority area over time, sourced from the HPI. The two 2 ELDER WAY sales from September 2001 and May 2019 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 September 2001 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2019 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 2 ELDER WAY?

2 ELDER WAY is 97m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 20% of detached houses in Dorking, based on EPC data. The below chart shows the distribution of detached houses by size in Dorking, and where 2 ELDER WAY lies on this distribution: 15% of detached houses are smaller than 2 ELDER WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Dorking.

2 ELDER WAY: Plot and Title Map

2 ELDER WAY sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 2 ELDER 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 2 ELDER 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 2 ELDER WAY?

2 ELDER WAY is located in NORTH HOLMWOOD, in the RH5 postcode district. The below map shows the position of No. 2 on ELDER WAY.