3, BRIDGE COTTAGES, ELMBRIDGE ROAD, CRANLEIGH, GU6 8LY - £315,000

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.

3 BRIDGE COTTAGES is a very small extended terraced house of 79m², built sometime between 1900 and 1929, which could now be worth an estimated £361,763. It was last sold for £315,000 in June 2021, which was around 16% below the average June 2021 terraced price in the Waverley local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

3 BRIDGE COTTAGES Sold Prices

Land registry data shows two sales for 3 BRIDGE COTTAGES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Waverley local authority area for the corresponding sale date. Both of the two 3 BRIDGE COTTAGES 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
2021 11 JUN	£315,000	£374,674	16% below HPI
2013 16 AUG	£200,000	£270,670	26% below HPI

3 BRIDGE COTTAGES 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 two 3 BRIDGE COTTAGES sales from August 2013 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 August 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 BRIDGE COTTAGES be worth now?

3 BRIDGE COTTAGES might now be worth an estimated £361,763.

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 3 BRIDGE COTTAGES of £315,000 on 11th June 2021. For the value to have increased from £315,000 to £361,763 over the four years to June 2025, the following assumptions must hold true:

• The value of 3 BRIDGE COTTAGES has moved in line with the HPI for terraced houses in the Waverley local authority area.
• The June 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BRIDGE COTTAGES has not materially changed since June 2021.

How Large is 3 BRIDGE COTTAGES?

3 BRIDGE COTTAGES is 79m², which includes one extension, according to the EPC inspection conducted in October 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 3 BRIDGE COTTAGES lies on this distribution: 4% of terraced houses houses are smaller than 3 BRIDGE COTTAGES, and 96% of houses are larger. Note that EPC data is not available for all properties in Cranleigh.

3 BRIDGE COTTAGES: Plot and Title Map

3 BRIDGE COTTAGES sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 3 BRIDGE COTTAGES, 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 3 BRIDGE COTTAGES). 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 3 BRIDGE COTTAGES?

3 BRIDGE COTTAGES is located on ELMBRIDGE ROAD in CRANLEIGH, in the GU6 postcode district. The below map shows the position of 3 BRIDGE COTTAGES on ELMBRIDGE ROAD.