3, OLD LODGE CLOSE, GODALMING, GU7 2LA - £675,000

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.

3 OLD LODGE CLOSE is a small extended detached house of 111m², built sometime between 1967 and 1975, which could now be worth an estimated £704,101. It was last sold for £675,000 in February 2022, which was around 24% below the average February 2022 detached price in the Waverley local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

3 OLD LODGE CLOSE Sold Prices

Land registry data shows four sales for 3 OLD LODGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Waverley local authority area for the corresponding sale date. All of the four 3 OLD LODGE CLOSE 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
2022 17 FEB	£675,000	£882,825	24% below HPI
2018 13 JUN	£575,000	£794,986	28% below HPI
2010 4 AUG	£390,000	£557,915	30% below HPI
1998 7 JAN	£144,000	£212,041	32% below HPI

3 OLD LODGE 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 four 3 OLD LODGE CLOSE sales between January 1998 and February 2022 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 June 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2022 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 3 OLD LODGE CLOSE be worth now?

3 OLD LODGE CLOSE might now be worth an estimated £704,101.

This is based on house price inflation of 4.3%, between February 2022 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 4.3% inflationary increase is applied to the most recent sale price for 3 OLD LODGE CLOSE of £675,000 on 17th February 2022. For the value to have increased from £675,000 to £704,101 over the three years to February 2025, the following assumptions must hold true:

• The value of 3 OLD LODGE CLOSE has moved in line with the HPI for detached houses in the Waverley local authority area.
• The February 2022 sale price of £675,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OLD LODGE CLOSE has not materially changed since February 2022.

How Large is 3 OLD LODGE CLOSE?

3 OLD LODGE CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 40% of detached houses houses in Godalming, based on EPC data. The below chart shows the distribution of detached houses houses by size in Godalming, and where 3 OLD LODGE CLOSE lies on this distribution: 35% of detached houses houses are smaller than 3 OLD LODGE CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Godalming.

3 OLD LODGE CLOSE: Plot and Title Map

3 OLD LODGE CLOSE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 3 OLD LODGE 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 OLD LODGE 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 OLD LODGE CLOSE?

3 OLD LODGE CLOSE is located in GODALMING, in the GU7 postcode district. The below map shows the position of No. 3 on OLD LODGE CLOSE.