2, DREW PLACE, CATERHAM, CR3 5FE - £530,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 DREW PLACE is a very small detached house of 89m², built sometime between 1991 and 1995. It was last sold for £530,000 in April 2022, which was around 43% below the average April 2022 detached price in the Tandridge local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

2 DREW PLACE Sold Prices

Land registry data shows five sales for 2 DREW PLACE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. All of the five 2 DREW PLACE 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
2022 14 APR	£530,000	£930,217	43% below HPI
2018 6 JUN	£497,500	£801,834	38% below HPI
2009 27 AUG	£285,000	£485,396	41% below HPI
2001 12 APR	£205,000	£316,868	35% below HPI
1997 18 JUL	£137,950	£187,482	26% below HPI

2 DREW PLACE 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 five 2 DREW PLACE sales between July 1997 and April 2022 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 June 2018 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the April 2022 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 2 DREW PLACE?

2 DREW PLACE is 89m² according to the EPC inspection conducted in November 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 2 DREW PLACE lies on this distribution: 12% of detached houses are smaller than 2 DREW PLACE, and 87% of houses are larger. Note that EPC data is not available for all properties in Caterham.

2 DREW PLACE: Plot and Title Map

2 DREW PLACE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 2 DREW PLACE, 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 2 DREW PLACE). 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 2 DREW PLACE?

2 DREW PLACE is located in CATERHAM, in the CR3 postcode district. The below map shows the position of No. 2 on DREW PLACE.