3, DRAKES CLOSE, CRANLEIGH, GU6 7AF - £625,000

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

3 DRAKES CLOSE is a small detached house of 101m², built sometime between 1950 and 1966. It was last sold for £625,000 in October 2015, which was around 11% below the average October 2015 detached price in the Waverley local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

3 DRAKES CLOSE Sold Prices

Land registry data shows two sales for 3 DRAKES CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Waverley local authority area for the corresponding sale date. One of the two 3 DRAKES CLOSE sales was for below the average price, whilst the other was for above 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 1 OCT	£625,000	£702,028	11% below HPI
2003 21 FEB	£395,000	£379,214	4% above HPI

3 DRAKES CLOSE 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 two 3 DRAKES CLOSE sales from February 2003 and October 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 2003 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2015 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 3 DRAKES CLOSE?

3 DRAKES CLOSE is 101m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 30% of detached houses in Cranleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Cranleigh, and where 3 DRAKES CLOSE lies on this distribution: 20% of detached houses are smaller than 3 DRAKES CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Cranleigh.

3 DRAKES CLOSE: Plot and Title Map

3 DRAKES CLOSE sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of 3 DRAKES CLOSE, 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 DRAKES CLOSE). 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 DRAKES CLOSE?

3 DRAKES CLOSE is located in CRANLEIGH, in the GU6 postcode district. The below map shows the position of No. 3 on DRAKES CLOSE.