3, CEDAR DRIVE, SOUTHWATER, HORSHAM, RH13 9UF - £442,500

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

3 CEDAR DRIVE is a midsized extended detached house of 122m², built sometime between 1983 and 1990. It was last sold for £442,500 in March 2016, which was around 22% below the average March 2016 detached price in the Horsham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

3 CEDAR DRIVE Sold Prices

Land registry data shows three sales for 3 CEDAR 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 Horsham local authority area for the corresponding sale date. The three 3 CEDAR DRIVE sales were a mix of below the average price, and roughly equal to 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
2016 17 MAR	£442,500	£567,179	22% below HPI
2001 28 SEP	£247,500	£267,075	7% below HPI
1999 3 SEP	£200,000	£199,224	Close to HPI

3 CEDAR DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The three 3 CEDAR DRIVE sales between September 1999 and March 2016 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 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2016 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 3 CEDAR DRIVE?

3 CEDAR DRIVE is 122m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 50% of detached houses in Southwater, based on EPC data. The below chart shows the distribution of detached houses by size in Southwater, and where 3 CEDAR DRIVE lies on this distribution: 50% of detached houses are smaller than 3 CEDAR DRIVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Southwater.

3 CEDAR DRIVE: Plot and Title Map

3 CEDAR DRIVE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 3 CEDAR 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 3 CEDAR 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 3 CEDAR DRIVE?

3 CEDAR DRIVE is located in SOUTHWATER, in the RH13 postcode district. The below map shows the position of No. 3 on CEDAR DRIVE.