THE CORNERSTONE, WESTFIELD COMMON, WOKING, GU22 9NS - £1,000,000

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

THE CORNERSTONE is a large extended detached house of 176m², built sometime between 1967 and 1975. It was last sold for £1,000,000 in February 2023, which was around 4% above the average February 2023 detached price in the Woking local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

THE CORNERSTONE Sold Prices

Land registry data shows three sales for THE CORNERSTONE 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. One of the three THE CORNERSTONE sales was for above the average price, whilst two 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
2023 10 FEB	£1,000,000	£962,738	4% above HPI
2016 16 DEC	£475,000	£820,271	42% below HPI
2008 12 DEC	£250,000	£512,659	51% below HPI

THE CORNERSTONE 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 THE CORNERSTONE sales between December 2008 and February 2023 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 December 2016 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the February 2023 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might THE CORNERSTONE be worth now?

THE CORNERSTONE might now be worth an estimated £964,609.

This is based on house price deflation of 3.5%, between February 2023 and December 2024, 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 3.5% deflationary decrease is applied to the most recent sale price for THE CORNERSTONE of £1,000,000 on 10th February 2023. For the value to have decreased from £1,000,000 to £964,609 over the two months to December 2024, the following assumptions must hold true:

• The value of THE CORNERSTONE has moved in line with the HPI for detached houses in the Woking local authority area.
• The February 2023 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of THE CORNERSTONE has not materially changed since February 2023.

How Large is THE CORNERSTONE?

THE CORNERSTONE is 176m², which includes two extensions, according to the EPC inspection conducted in August 2022. This puts it in the largest 30% 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 THE CORNERSTONE lies on this distribution: 72% of detached houses houses are smaller than THE CORNERSTONE, and 27% of houses are larger. Note that EPC data is not available for all properties in Woking.

THE CORNERSTONE: Plot and Title Map

THE CORNERSTONE sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of THE CORNERSTONE, 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 THE CORNERSTONE). 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 THE CORNERSTONE?

THE CORNERSTONE is located on WESTFIELD COMMON in WOKING, in the GU22 postcode district. The below map shows the position of THE CORNERSTONE on WESTFIELD COMMON.