24, THE DRIVE, CRANLEIGH, GU6 7LY - £495,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

24 THE DRIVE is a midsized extended detached house of 141m², built sometime between 1930 and 1949, which could now be worth an estimated £682,716. It was last sold for £495,000 in May 2015, which was around 26% below the average May 2015 detached price in the Waverley local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

24 THE DRIVE Sold Prices

Land registry data shows three sales for 24 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Waverley local authority area for the corresponding sale date. All of the three 24 THE DRIVE 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
2015 27 MAY	£495,000	£667,684	26% below HPI
2014 24 FEB	£520,000	£609,874	15% below HPI
2012 25 MAY	£325,000	£564,274	42% below HPI

24 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Waverley local authority area over time, sourced from the HPI. The three 24 THE DRIVE sales between May 2012 and May 2015 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 February 2014 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2015 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 24 THE DRIVE be worth now?

24 THE DRIVE might now be worth an estimated £682,716.

This is based on house price inflation of 37.9%, between May 2015 and February 2025, for detached houses, in the Waverley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.9% inflationary increase is applied to the most recent sale price for 24 THE DRIVE of £495,000 on 27th May 2015. For the value to have increased from £495,000 to £682,716 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 24 THE DRIVE has moved in line with the HPI for detached houses in the Waverley local authority area.
• The May 2015 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 24 THE DRIVE has not materially changed since May 2015.

How Large is 24 THE DRIVE?

24 THE DRIVE is 141m², which includes two extensions, according to the EPC inspection conducted in June 2013. This puts it in the largest 50% of detached houses houses in Cranleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranleigh, and where 24 THE DRIVE lies on this distribution: 54% of detached houses houses are smaller than 24 THE DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Cranleigh.

24 THE DRIVE: Plot and Title Map

24 THE DRIVE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 24 THE DRIVE, 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 24 THE DRIVE). 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 24 THE DRIVE?

24 THE DRIVE is located in CRANLEIGH, in the GU6 postcode district. The below map shows the position of No. 24 on THE DRIVE.