48, CEDAR DRIVE, SOUTHWATER, HORSHAM, RH13 9UW - £375,000

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

48 CEDAR DRIVE is a very small detached house of 84m², built sometime between 1950 and 1966. It was last sold for £375,000 in July 2007, which was around 11% below the average July 2007 detached price in the Horsham local authority area. The most recent EPC inspection was January 2015, where the current energy rating was F, and the potential energy rating was C.

48 CEDAR DRIVE Sold Prices

Land registry data shows two sales for 48 CEDAR DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. One of the two 48 CEDAR DRIVE sales was for below the average price, whilst the other was 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
2007 6 JUL	£375,000	£422,799	11% below HPI
2005 7 FEB	£358,000	£357,063	Close to HPI

48 CEDAR DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The two 48 CEDAR DRIVE sales from February 2005 and July 2007 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 2005 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2007 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 48 CEDAR DRIVE?

48 CEDAR DRIVE is 84m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of detached houses in Southwater, based on EPC data. The below chart shows the distribution of detached houses by size in Southwater, and where 48 CEDAR DRIVE lies on this distribution: 13% of detached houses are smaller than 48 CEDAR DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Southwater.

48 CEDAR DRIVE: Plot and Title Map

48 CEDAR DRIVE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 48 CEDAR 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 48 CEDAR 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 48 CEDAR DRIVE?

48 CEDAR DRIVE is located in SOUTHWATER, in the RH13 postcode district. The below map shows the position of No. 48 on CEDAR DRIVE.