40, MEAD ROAD, CRANLEIGH, GU6 7BQ - £425,000

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

40 MEAD ROAD is a very small extended detached house of 91m², built sometime between 1900 and 1929. It was last sold for £425,000 in February 2005, which was around 6% above the average February 2005 detached price in the Waverley local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

40 MEAD ROAD Sold Prices

Land registry data shows four sales for 40 MEAD ROAD 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. The four 40 MEAD ROAD sales were a mix of above 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
2005 25 FEB	£425,000	£402,833	6% above HPI
1998 11 JUN	£215,000	£207,744	3% above HPI
1997 17 OCT	£205,000	£199,292	3% above HPI
1995 31 JAN	£152,500	£151,853	Close to HPI

40 MEAD ROAD 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 40 MEAD ROAD sales between January 1995 and February 2005 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 1998 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2005 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 40 MEAD ROAD?

40 MEAD ROAD is 91m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses in Cranleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Cranleigh, and where 40 MEAD ROAD lies on this distribution: 11% of detached houses are smaller than 40 MEAD ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Cranleigh.

40 MEAD ROAD: Plot and Title Map

40 MEAD ROAD sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 40 MEAD ROAD, 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 40 MEAD ROAD). 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 40 MEAD ROAD?

40 MEAD ROAD is located in CRANLEIGH, in the GU6 postcode district. The below map shows the position of No. 40 on MEAD ROAD.