48, CHEERE WAY, PAPWORTH EVERARD, CAMBRIDGE, CB23 3NZ - £341,000

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.

48 CHEERE WAY is a small extended detached house of 120m², built sometime between 2003 and 2006, which could now be worth an estimated £385,114. It was last sold for £341,000 in October 2018, which was around 39% below the average October 2018 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

48 CHEERE WAY Sold Prices

Land registry data shows four sales for 48 CHEERE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Cambridgeshire local authority area for the corresponding sale date. All of the four 48 CHEERE 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
2018 2 OCT	£341,000	£561,837	39% below HPI
2012 20 JUL	£250,000	£385,789	35% below HPI
2004 3 SEP	£240,000	£306,904	22% below HPI
2003 5 DEC	£209,000	£289,899	28% below HPI

48 CHEERE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The four 48 CHEERE WAY sales between December 2003 and October 2018 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 2012 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2018 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 48 CHEERE WAY be worth now?

48 CHEERE WAY might now be worth an estimated £385,114.

This is based on house price inflation of 12.9%, between October 2018 and February 2025, for detached houses, in the South Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.9% inflationary increase is applied to the most recent sale price for 48 CHEERE WAY of £341,000 on 2nd October 2018. For the value to have increased from £341,000 to £385,114 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 48 CHEERE WAY has moved in line with the HPI for detached houses in the South Cambridgeshire local authority area.
• The October 2018 sale price of £341,000 represented a fair market value for the property.
• The size, condition, and specification of 48 CHEERE WAY has not materially changed since October 2018.

How Large is 48 CHEERE WAY?

48 CHEERE WAY is 120m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the smallest 40% of detached houses houses in Papworth Everard, based on EPC data. The below chart shows the distribution of detached houses houses by size in Papworth Everard, and where 48 CHEERE WAY lies on this distribution: 32% of detached houses houses are smaller than 48 CHEERE WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Papworth Everard.

48 CHEERE WAY: Plot and Title Map

48 CHEERE WAY sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 48 CHEERE 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 48 CHEERE 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 48 CHEERE WAY?

48 CHEERE WAY is located in PAPWORTH EVERARD, in the CB23 postcode district. The below map shows the position of No. 48 on CHEERE WAY.