78, CEDAR DRIVE, SOUTHWATER, HORSHAM, RH13 9UW - £320,000

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

78 CEDAR DRIVE is a very small detached house of 86m², built sometime between 1991 and 1995. It was last sold for £320,000 in September 2011, which was around 26% below the average September 2011 detached price in the Horsham local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

78 CEDAR DRIVE Sold Prices

Land registry data shows four sales for 78 CEDAR DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. All of the four 78 CEDAR 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
2011 14 SEP	£320,000	£432,164	26% below HPI
2001 16 MAR	£185,000	£245,627	25% below HPI
1997 14 AUG	£127,000	£150,720	16% below HPI
1995 14 FEB	£97,950	£127,849	23% below HPI

78 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 four 78 CEDAR DRIVE sales between February 1995 and September 2011 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 2001 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2011 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 78 CEDAR DRIVE?

78 CEDAR DRIVE is 86m² according to the EPC inspection conducted in November 2022. 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 78 CEDAR DRIVE lies on this distribution: 14% of detached houses are smaller than 78 CEDAR DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Southwater.

78 CEDAR DRIVE: Plot and Title Map

78 CEDAR DRIVE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 78 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 78 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 78 CEDAR DRIVE?

78 CEDAR DRIVE is located in SOUTHWATER, in the RH13 postcode district. The below map shows the position of No. 78 on CEDAR DRIVE.