LOWERS EDGE, THE COMMON, CRANLEIGH, GU6 8SH - £660,000

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

LOWERS EDGE is a large extended detached house of 153m², built sometime between 1983 and 1990. It was last sold for £660,000 in August 2019, which was around 11% below the average August 2019 detached price in the Waverley local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

LOWERS EDGE Sold Prices

Land registry data shows four sales for LOWERS EDGE 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. two of the four LOWERS EDGE sales were for below the average price, and four were for above 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
2019 23 AUG	£660,000	£744,898	11% below HPI
2006 21 AUG	£475,000	£458,169	4% above HPI
2000 7 APR	£350,000	£282,183	24% above HPI
1996 29 NOV	£148,000	£164,034	10% below HPI

LOWERS EDGE 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 LOWERS EDGE sales between November 1996 and August 2019 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 August 2006 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2019 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is LOWERS EDGE?

LOWERS EDGE is 153m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 40% of detached houses in Cranleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Cranleigh, and where LOWERS EDGE lies on this distribution: 65% of detached houses are smaller than LOWERS EDGE, and 35% of houses are larger. Note that EPC data is not available for all properties in Cranleigh.

LOWERS EDGE: Plot and Title Map

LOWERS EDGE sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of LOWERS EDGE, 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 LOWERS EDGE). 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 LOWERS EDGE?

LOWERS EDGE is located on THE COMMON in CRANLEIGH, in the GU6 postcode district. The below map shows the position of LOWERS EDGE on THE COMMON.