7, THE DRIVE, CRANLEIGH, GU6 7LY - £515,000

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.

7 THE DRIVE is a very small extended semi-detached house of 95m², built sometime between 1900 and 1929, which could now be worth an estimated £517,237. It was last sold for £515,000 in October 2022, which was around 6% below the average October 2022 semi-detached price in the Waverley local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was C.

7 THE DRIVE Sold Prices

Land registry data shows five sales for 7 THE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Waverley local authority area for the corresponding sale date. Most of the five 7 THE DRIVE 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 21 OCT	£515,000	£545,146	6% below HPI
2007 17 OCT	£329,950	£324,184	2% above HPI
2001 12 APR	£158,500	£175,330	10% below HPI
1997 27 MAR	£95,000	£99,693	5% below HPI
1995 18 JAN	£81,000	£86,787	7% below HPI

7 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Waverley local authority area over time, sourced from the HPI. The five 7 THE DRIVE sales between January 1995 and October 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 October 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2022 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 7 THE DRIVE be worth now?

7 THE DRIVE might now be worth an estimated £517,237.

This is based on house price inflation of 0.4%, between October 2022 and March 2025, for semi-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 0.4% inflationary increase is applied to the most recent sale price for 7 THE DRIVE of £515,000 on 21st October 2022. For the value to have increased from £515,000 to £517,237 over the three years and seven months to March 2025, the following assumptions must hold true:

• The value of 7 THE DRIVE has moved in line with the HPI for semi-detached houses in the Waverley local authority area.
• The October 2022 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE DRIVE has not materially changed since October 2022.

How Large is 7 THE DRIVE?

7 THE DRIVE is 95m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 20% of semi-detached houses houses in Cranleigh, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cranleigh, and where 7 THE DRIVE lies on this distribution: 14% of semi-detached houses houses are smaller than 7 THE DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Cranleigh.

7 THE DRIVE: Plot and Title Map

7 THE DRIVE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 7 THE DRIVE, 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 7 THE DRIVE). 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 7 THE DRIVE?

7 THE DRIVE is located in CRANLEIGH, in the GU6 postcode district. The below map shows the position of No. 7 on THE DRIVE.