38, CANNON WAY, FETCHAM, LEATHERHEAD, KT22 9LJ - £356,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

38 CANNON WAY is a small extended detached house of 123m², built sometime between 1967 and 1975, which could now be worth an estimated £746,807. It was last sold for £356,000 in July 2004, which was around 22% below the average July 2004 detached price in the Mole Valley local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

38 CANNON WAY Sold Prices

Land registry data shows two sales for 38 CANNON WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mole Valley local authority area for the corresponding sale date. Both of the two 38 CANNON WAY 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
2004 20 JUL	£356,000	£457,941	22% below HPI
1998 6 NOV	£207,000	£261,022	21% below HPI

38 CANNON WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mole Valley local authority area over time, sourced from the HPI. The two 38 CANNON WAY sales from November 1998 and July 2004 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 November 1998 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2004 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 38 CANNON WAY be worth now?

38 CANNON WAY might now be worth an estimated £746,807.

This is based on house price inflation of 109.8%, between July 2004 and December 2024, for detached houses, in the Mole Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 109.8% inflationary increase is applied to the most recent sale price for 38 CANNON WAY of £356,000 on 20th July 2004. For the value to have increased from £356,000 to £746,807 over the nineteen years and seven months to December 2024, the following assumptions must hold true:

• The value of 38 CANNON WAY has moved in line with the HPI for detached houses in the Mole Valley local authority area.
• The July 2004 sale price of £356,000 represented a fair market value for the property.
• The size, condition, and specification of 38 CANNON WAY has not materially changed since July 2004.

How Large is 38 CANNON WAY?

38 CANNON WAY is 123m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% of detached houses houses in Fetcham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fetcham, and where 38 CANNON WAY lies on this distribution: 29% of detached houses houses are smaller than 38 CANNON WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Fetcham.

38 CANNON WAY: Plot and Title Map

38 CANNON WAY sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 38 CANNON WAY, 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 38 CANNON WAY). 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 38 CANNON WAY?

38 CANNON WAY is located in FETCHAM, in the KT22 postcode district. The below map shows the position of No. 38 on CANNON WAY.