CORNERWAY, FARM LANE, PURLEY, CR8 3PS - £745,000

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.

CORNERWAY is a large extended detached house of 233m², built sometime between 1950 and 1966, which could now be worth an estimated £816,028. It was last sold for £745,000 in August 2016, which was around 5% below the average August 2016 detached price in the Croydon local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was C.

CORNERWAY Sold Prices

Land registry data shows two sales for CORNERWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Croydon local authority area for the corresponding sale date. Both of the two CORNERWAY 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
2016 31 AUG	£745,000	£785,371	5% below HPI
2000 6 OCT	£250,000	£287,166	13% below HPI

CORNERWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Croydon local authority area over time, sourced from the HPI. The two CORNERWAY sales from October 2000 and August 2016 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 2000 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2016 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might CORNERWAY be worth now?

CORNERWAY might now be worth an estimated £816,028.

This is based on house price inflation of 9.5%, between August 2016 and February 2025, for detached houses, in the Croydon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.5% inflationary increase is applied to the most recent sale price for CORNERWAY of £745,000 on 31st August 2016. For the value to have increased from £745,000 to £816,028 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of CORNERWAY has moved in line with the HPI for detached houses in the Croydon local authority area.
• The August 2016 sale price of £745,000 represented a fair market value for the property.
• The size, condition, and specification of CORNERWAY has not materially changed since August 2016.

How Large is CORNERWAY?

CORNERWAY is 233m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the largest 30% of detached houses houses in Purley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Purley, and where CORNERWAY lies on this distribution: 77% of detached houses houses are smaller than CORNERWAY, and 23% of houses are larger. Note that EPC data is not available for all properties in Purley.

CORNERWAY: Plot and Title Map

CORNERWAY sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of CORNERWAY, 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 CORNERWAY). 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 CORNERWAY?

CORNERWAY is located on FARM LANE in PURLEY, in the CR8 postcode district. The below map shows the position of CORNERWAY on FARM LANE.