31, DRAKE AVENUE, CATERHAM, CR3 5BS - £645,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

31 DRAKE AVENUE is a small extended detached house of 124m², built sometime between 1991 and 1995. It was last sold for £645,000 in September 2022, which was around 31% below the average September 2022 detached price in the Tandridge local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

31 DRAKE AVENUE Sold Prices

Land registry data shows three sales for 31 DRAKE AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. All of the three 31 DRAKE AVENUE 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 5 SEP	£645,000	£934,359	31% below HPI
1997 27 MAR	£144,000	£175,947	18% below HPI
1995 3 JAN	£147,500	£160,891	8% below HPI

31 DRAKE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tandridge local authority area over time, sourced from the HPI. The three 31 DRAKE AVENUE sales between January 1995 and September 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 March 1997 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 31 DRAKE AVENUE?

31 DRAKE AVENUE is 124m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses in Caterham, based on EPC data. The below chart shows the distribution of detached houses by size in Caterham, and where 31 DRAKE AVENUE lies on this distribution: 34% of detached houses are smaller than 31 DRAKE AVENUE, and 66% of houses are larger. Note that EPC data is not available for all properties in Caterham.

31 DRAKE AVENUE: Plot and Title Map

31 DRAKE AVENUE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 31 DRAKE AVENUE, 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 31 DRAKE AVENUE). 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 31 DRAKE AVENUE?

31 DRAKE AVENUE is located in CATERHAM, in the CR3 postcode district. The below map shows the position of No. 31 on DRAKE AVENUE.