24, THE DRIVE, CRANLEIGH, GU6 7LY - £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

24 THE DRIVE is a midsized extended detached house of 141m², built sometime between 1930 and 1949. It was last sold for £495,000 in May 2015, which was around 22% 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	£633,478	22% below HPI
2014 24 FEB	£520,000	£578,630	10% below HPI
2012 25 MAY	£325,000	£535,366	39% 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2015 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

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 in Cranleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Cranleigh, and where 24 THE DRIVE lies on this distribution: 54% of detached houses are smaller than 24 THE DRIVE, and 44% 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.