8, DREW PLACE, CATERHAM, CR3 5FE - £260,000

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.

8 DREW PLACE is a very small terraced house of 73m², built sometime between 1991 and 1995, which could now be worth an estimated £301,517. It was last sold for £260,000 in May 2017, which was around 26% below the average May 2017 terraced price in the Tandridge local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

8 DREW PLACE Sold Prices

Land registry data shows three sales for 8 DREW PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Tandridge local authority area for the corresponding sale date. One of the three 8 DREW PLACE 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
2017 12 MAY	£260,000	£350,058	26% below HPI
1998 26 JUN	£113,000	£94,540	20% above HPI
1997 23 APR	£102,950	£73,079	41% above HPI

8 DREW PLACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Tandridge local authority area over time, sourced from the HPI. The three 8 DREW PLACE sales between April 1997 and May 2017 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 1998 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the May 2017 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 8 DREW PLACE be worth now?

8 DREW PLACE might now be worth an estimated £301,517.

This is based on house price inflation of 16%, between May 2017 and April 2026, for terraced houses, in the Tandridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16% inflationary increase is applied to the most recent sale price for 8 DREW PLACE of £260,000 on 12th May 2017. For the value to have increased from £260,000 to £301,517 over the nine years and one month to April 2026, the following assumptions must hold true:

• The value of 8 DREW PLACE has moved in line with the HPI for terraced houses in the Tandridge local authority area.
• The May 2017 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 8 DREW PLACE has not materially changed since May 2017.

How Large is 8 DREW PLACE?

8 DREW PLACE is 73m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% of terraced houses houses in Caterham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Caterham, and where 8 DREW PLACE lies on this distribution: 4% of terraced houses houses are smaller than 8 DREW PLACE, and 96% of houses are larger. Note that EPC data is not available for all properties in Caterham.

8 DREW PLACE: Plot and Title Map

8 DREW PLACE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 8 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 8 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 8 DREW PLACE?

8 DREW PLACE is located in CATERHAM, in the CR3 postcode district. The below map shows the position of No. 8 on DREW PLACE.