2, ELM PARK, CRANLEIGH, GU6 8UG - £369,250

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.

2 ELM PARK is a very small terraced house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £424,067. It was last sold for £369,250 in June 2021, which was around 1% below the average June 2021 terraced price in the Waverley local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

2 ELM PARK Sold Prices

Land registry data shows four sales for 2 ELM PARK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Waverley local authority area for the corresponding sale date. One of the four 2 ELM PARK sales was for below the average price, whilst two 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
2021 29 JUN	£369,250	£374,674	1% below HPI
2007 24 MAY	£249,999	£248,823	Close to HPI
2003 14 MAY	£201,500	£178,006	13% above HPI
2001 1 DEC	£165,000	£145,839	13% above HPI

2 ELM PARK Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Waverley local authority area over time, sourced from the HPI. The four 2 ELM PARK sales between December 2001 and June 2021 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 May 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2021 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 ELM PARK be worth now?

2 ELM PARK might now be worth an estimated £424,067.

This is based on house price inflation of 14.8%, between June 2021 and June 2025, for terraced 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 14.8% inflationary increase is applied to the most recent sale price for 2 ELM PARK of £369,250 on 29th June 2021. For the value to have increased from £369,250 to £424,067 over the four years to June 2025, the following assumptions must hold true:

• The value of 2 ELM PARK has moved in line with the HPI for terraced houses in the Waverley local authority area.
• The June 2021 sale price of £369,250 represented a fair market value for the property.
• The size, condition, and specification of 2 ELM PARK has not materially changed since June 2021.

How Large is 2 ELM PARK?

2 ELM PARK is 70m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of terraced houses houses in Cranleigh, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cranleigh, and where 2 ELM PARK lies on this distribution: 2% of terraced houses houses are smaller than 2 ELM PARK, and 98% of houses are larger. Note that EPC data is not available for all properties in Cranleigh.

2 ELM PARK: Plot and Title Map

2 ELM PARK sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 2 ELM PARK, 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 ELM PARK). 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 ELM PARK?

2 ELM PARK is located in CRANLEIGH, in the GU6 postcode district. The below map shows the position of No. 2 on ELM PARK.