47, THE DRIVE, CRANLEIGH, GU6 7LZ - £735,000

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

47 THE DRIVE is a very small detached house of 98m², built sometime between 1983 and 1990. It was last sold for £735,000 in December 2022, which was around 18% below the average December 2022 detached price in the Waverley local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

47 THE DRIVE Sold Prices

Land registry data shows three sales for 47 THE 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 Waverley local authority area for the corresponding sale date. All of the three 47 THE DRIVE 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 13 DEC	£735,000	£900,347	18% below HPI
2018 30 NOV	£490,000	£761,259	36% below HPI
2018 14 JUN	£500,000	£754,259	34% below HPI

47 THE DRIVE 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 three 47 THE DRIVE sales between June 2018 and December 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 November 2018 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the December 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 47 THE DRIVE?

47 THE DRIVE is 98m² according to the EPC inspection conducted in February 2018. 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 47 THE DRIVE lies on this distribution: 17% of detached houses are smaller than 47 THE DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Cranleigh.

47 THE DRIVE: Plot and Title Map

47 THE DRIVE sits on a plot of roughly 0.143 of an acre, or 577m². The below map shows the location of 47 THE 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 47 THE 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 47 THE DRIVE?

47 THE DRIVE is located in CRANLEIGH, in the GU6 postcode district. The below map shows the position of No. 47 on THE DRIVE.