289 Stafford Road, Caterham, Tandridge, Surrey, CR3 6NL

Detached
700 sq ft
-3%
PROPERTY VALUATION
£
Price change: -£13,999
Since last sold: December 2021
VALUATION RANGE
£365k - £407k
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £386k, we expect this property to be in good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

289 Stafford Road, Caterham is a detached house spread over 700 square feet, making it one of the smaller properties here - it is ranked as the 11th most expensive property* in CR3 6NL, with a valuation of £386,000.

Since it last sold in December 2021 for £399,999, its value has decreased by £13,999.

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Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £365k and £407k.

  • The property turned out to be a really good investment for the previous owner - returning on average 6.8% per annum.

  • 25 detached houses have sold at an average price of £932,506 over the last 12 months (in the area coverring CR3 6).

  • Built between 1930 and 1949, the property has sold twice over the last 29 years.

  • At a sale price of £386k, we expect this property to be in a substantially better condition than the neighbouring properties.
  • This property has a higher cost per square foot than other properties in the area, which is why we think it is more likely to be in good condition. This can be caused by it having recently been refurbished to a high standard although particularly pretty properties can also sell for a premium.
  • At a valuation of £386k it has a cost per square foot of £551, which is substantially more than the average for the area. The average cost per square foot for property here is £474.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £332k. For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
  • We use survey data provided by RICS qualified surveyors to obtain the property's size. This is calculated in a slightly different way to how an estate agent will measure a property as it only includes habitable space.
  • To calculate the price per square foot, you divide the property's sale price by its total square footage.
Prices start at:
£345k
Average house price:
£388k
Most expensive:
£526k
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-3.5%
This property has fallen in price by -3.5% since it last sold 2 years ago
0%
This property is 0% less expensive than average in Stafford Road, CR3 6NL

Sale history

The most paid for a property in Stafford Road, CR3 6NL was £440,000 in 2023.

Date Price Change
Today's value* £386,000 3.5%
17 Dec 2021 £399,999 37.9%
30 Jan 2017 £290,000 -
289 Stafford Road, Caterham is a detached house with 700 square feet of internal space built between 1930 and 1949.
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Valuation details

The most likely sale price is £386,000 but at the lower end we think it should fetch a minimum of £365,000.

On a cost per square foot basis, this property is valued at 16% more than the other houses in this postcode.

This property has decreased in price by £13,999 since it last sold in 2021 - this equates to a 1.6% fall each year.

If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.

A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (for more information see our valuation review) of this property.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £444,000.

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Investment Performance
Annual change: 6.8%

Was It A Good Investment?

The previous owner had the property for 4 years, having purchased it in January 2017 for £290,000.

During this time, the price rose by £109,999 (37.9%), which equates to it increasing in value by 6.8% each year.

The property turned out to be a really good investment for the previous owner.

The sale on 30 January 2017 was recorded as a non-residential transaction. This could be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.

How does this property compare?

  • Most likely sale price: £386,000.
    • Offers likely to be accepted between £365,000 and £407,000.
    • Cost per squre foot: £551 (at a valuation of £386,000) - the average cost per square foot for this postcode is £474.
  • Freehold detached house.
    • 700 square feet.
  • Property energy rating: 57.
    • This is above average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - CR3 6NL

  • The average property price for this postcode is £388,000.
    • Prices here range from £345,000 to £526,000.
    • Expect to pay £402 to £545 per square foot for property in CR3 6NL.
  • 5 properties have sold in CR3 6NL over the last 5 years.
  • Stafford Road has 18 postcodes associated with it.
    • The average price of property in Stafford Road is £377,156.
    • Property in Stafford Road typically sells for between £394 and £532 per square foot.
    • Properties in Stafford Road are currently valued at an average cost per square foot of £463.

The property market across CR3 6

  • The average price paid for a detached house in the area CR3 6 over the past year is £933k.
  • Detached houses have been selling for £517 per square foot across CR3 6.
  • 25 detached houses have sold over the last 12 months (in the area coverring CR3 6).
What does it cost to live in this area?

Valuation accuracy

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Things to check before buying a new home

Working out a property's valuation can be tricky but we are here to help you get the information you need to know before putting in an offer.

* Excluding properties that we've been unable to calculate a valuation for. ** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 31/01/2024 - this was released on the 28/02/2024.