48, DRAKE AVENUE, CATERHAM, CR3 5AW - £587,500

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

48 DRAKE AVENUE is a midsized extended detached house of 148m², built sometime between 1996 and 2002. It was last sold for £587,500 in July 2016, which was around 21% below the average July 2016 detached price in the Tandridge local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

48 DRAKE AVENUE Sold Prices

Land registry data shows two sales for 48 DRAKE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. Both of the two 48 DRAKE AVENUE 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
2016 25 JUL	£587,500	£744,791	21% below HPI
2001 2 JUL	£293,000	£333,322	12% below HPI

48 DRAKE AVENUE 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 two 48 DRAKE AVENUE sales from July 2001 and July 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 July 2001 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2016 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 48 DRAKE AVENUE?

48 DRAKE AVENUE is 148m², which includes two extensions, according to the EPC inspection conducted in April 2016. This puts it in the largest 50% of detached houses in Caterham, based on EPC data. The below chart shows the distribution of detached houses by size in Caterham, and where 48 DRAKE AVENUE lies on this distribution: 52% of detached houses are smaller than 48 DRAKE AVENUE, and 47% of houses are larger. Note that EPC data is not available for all properties in Caterham.

48 DRAKE AVENUE: Plot and Title Map

48 DRAKE AVENUE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 48 DRAKE AVENUE, 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 48 DRAKE AVENUE). 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 48 DRAKE AVENUE?

48 DRAKE AVENUE is located in CATERHAM, in the CR3 postcode district. The below map shows the position of No. 48 on DRAKE AVENUE.