CHERMAY, SANDY WAY, WOKING, GU22 8BB - £755,000

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.

CHERMAY is a midsized extended detached house of 143m², built sometime between 2007 and 2011, which could now be worth an estimated £833,127. It was last sold for £755,000 in July 2021, which was around 14% below the average July 2021 detached price in the Woking local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

CHERMAY Sold Prices

Land registry data shows three sales for CHERMAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Woking local authority area for the corresponding sale date. All of the three CHERMAY 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
2021 16 JUL	£755,000	£874,447	14% below HPI
2017 24 NOV	£510,000	£833,687	39% below HPI
2009 12 FEB	£235,000	£490,431	52% below HPI

CHERMAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Woking local authority area over time, sourced from the HPI. The three CHERMAY sales between February 2009 and July 2021 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 2017 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might CHERMAY be worth now?

CHERMAY might now be worth an estimated £833,127.

This is based on house price inflation of 10.3%, between July 2021 and February 2025, for detached houses, in the Woking local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.3% inflationary increase is applied to the most recent sale price for CHERMAY of £755,000 on 16th July 2021. For the value to have increased from £755,000 to £833,127 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of CHERMAY has moved in line with the HPI for detached houses in the Woking local authority area.
• The July 2021 sale price of £755,000 represented a fair market value for the property.
• The size, condition, and specification of CHERMAY has not materially changed since July 2021.

How Large is CHERMAY?

CHERMAY is 143m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 50% of detached houses houses in Woking, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woking, and where CHERMAY lies on this distribution: 54% of detached houses houses are smaller than CHERMAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Woking.

CHERMAY: Plot and Title Map

CHERMAY sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of CHERMAY, 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 CHERMAY). 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 CHERMAY?

CHERMAY is located on SANDY WAY in WOKING, in the GU22 postcode district. The below map shows the position of CHERMAY on SANDY WAY.