MEREDENE, NEW PARK ROAD, CRANLEIGH, GU6 7HN - £640,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MEREDENE is a midsized detached house of 131m², built sometime between 1991 and 1995, which could now be worth an estimated £772,247. It was last sold for £640,000 in September 2016, which was around 16% below the average September 2016 detached price in the Waverley local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

MEREDENE Sold Prices

Land registry data shows two sales for MEREDENE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Waverley local authority area for the corresponding sale date. One of the two MEREDENE 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
2016 9 SEP	£640,000	£763,185	16% below HPI
2004 28 SEP	£450,000	£449,894	Close to HPI

MEREDENE 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 two MEREDENE sales from September 2004 and September 2016 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 September 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might MEREDENE be worth now?

MEREDENE might now be worth an estimated £772,247.

This is based on house price inflation of 20.7%, between September 2016 and February 2025, for detached houses, in the Waverley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.7% inflationary increase is applied to the most recent sale price for MEREDENE of £640,000 on 9th September 2016. For the value to have increased from £640,000 to £772,247 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of MEREDENE has moved in line with the HPI for detached houses in the Waverley local authority area.
• The September 2016 sale price of £640,000 represented a fair market value for the property.
• The size, condition, and specification of MEREDENE has not materially changed since September 2016.

How Large is MEREDENE?

MEREDENE is 131m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 50% of detached houses houses in Cranleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranleigh, and where MEREDENE lies on this distribution: 47% of detached houses houses are smaller than MEREDENE, and 53% of houses are larger. Note that EPC data is not available for all properties in Cranleigh.

MEREDENE: Plot and Title Map

MEREDENE sits on a plot of roughly 0.244 of an acre, or 987m². The below map shows the location of MEREDENE, 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 MEREDENE). 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 MEREDENE?

MEREDENE is located on NEW PARK ROAD in CRANLEIGH, in the GU6 postcode district. The below map shows the position of MEREDENE on NEW PARK ROAD.