49, DRAKE AVENUE, CATERHAM, CR3 5BS - £475,000

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

49 DRAKE AVENUE is a very small detached house of 87m², built sometime between 1991 and 1995. It was last sold for £475,000 in October 2021, which was around 47% below the average October 2021 detached price in the Tandridge local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

49 DRAKE AVENUE Sold Prices

Land registry data shows three sales for 49 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 49 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
2021 29 OCT	£475,000	£899,600	47% below HPI
2003 5 DEC	£244,000	£421,980	42% below HPI
1997 27 OCT	£137,000	£202,023	32% below HPI

49 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 49 DRAKE AVENUE sales between October 1997 and October 2021 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 December 2003 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2021 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 49 DRAKE AVENUE?

49 DRAKE AVENUE is 87m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 20% of detached houses in Caterham, based on EPC data. The below chart shows the distribution of detached houses by size in Caterham, and where 49 DRAKE AVENUE lies on this distribution: 11% of detached houses are smaller than 49 DRAKE AVENUE, and 89% of houses are larger. Note that EPC data is not available for all properties in Caterham.

49 DRAKE AVENUE: Plot and Title Map

49 DRAKE AVENUE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 49 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 49 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 49 DRAKE AVENUE?

49 DRAKE AVENUE is located in CATERHAM, in the CR3 postcode district. The below map shows the position of No. 49 on DRAKE AVENUE.