ELM RISE, GASDEN LANE, WITLEY, GODALMING, GU8 5RJ - £715,000

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

ELM RISE is a large detached house of 159m², built sometime between 1991 and 1995. It was last sold for £715,000 in May 2023, which was around 17% below the average May 2023 detached price in the Waverley local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

ELM RISE Sold Prices

Land registry data shows four sales for ELM RISE 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. Most of the four ELM RISE 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
2023 31 MAY	£715,000	£865,186	17% below HPI
2020 28 FEB	£595,000	£724,638	18% below HPI
2004 7 JUL	£420,000	£407,881	3% above HPI
2001 29 MAY	£218,000	£318,623	32% below HPI

ELM RISE 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 ELM RISE sales between May 2001 and May 2023 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 2020 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is ELM RISE?

ELM RISE is 159m² according to the EPC inspection conducted in February 2022. This puts it in the largest 40% of detached houses in Witley, based on EPC data. The below chart shows the distribution of detached houses by size in Witley, and where ELM RISE lies on this distribution: 62% of detached houses are smaller than ELM RISE, and 38% of houses are larger. Note that EPC data is not available for all properties in Witley.

ELM RISE: Plot and Title Map

ELM RISE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of ELM RISE, 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 ELM RISE). 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 ELM RISE?

ELM RISE is located on GASDEN LANE in WITLEY, in the GU8 postcode district. The below map shows the position of ELM RISE on GASDEN LANE.