1, BACK LANE, ELY, CB7 4AR - £285,000

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.

1 BACK LANE is a small extended semi-detached house of 92m², built sometime between 1991 and 1995, which could now be worth an estimated £382,950. It was last sold for £285,000 in March 2017, which was around 15% above the average March 2017 semi-detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

1 BACK LANE Sold Prices

Land registry data shows two sales for 1 BACK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Cambridgeshire local authority area for the corresponding sale date. Both of the two 1 BACK LANE sales were for above 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
2017 24 MAR	£285,000	£248,025	15% above HPI
1998 31 MAR	£93,250	£62,528	49% above HPI

1 BACK LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The two 1 BACK LANE sales from March 1998 and March 2017 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 March 1998 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the March 2017 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 1 BACK LANE be worth now?

1 BACK LANE might now be worth an estimated £382,950.

This is based on house price inflation of 34.4%, between March 2017 and March 2025, for semi-detached houses, in the East Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.4% inflationary increase is applied to the most recent sale price for 1 BACK LANE of £285,000 on 24th March 2017. For the value to have increased from £285,000 to £382,950 over the eight years to March 2025, the following assumptions must hold true:

• The value of 1 BACK LANE has moved in line with the HPI for semi-detached houses in the East Cambridgeshire local authority area.
• The March 2017 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BACK LANE has not materially changed since March 2017.

How Large is 1 BACK LANE?

1 BACK LANE is 92m², which includes three extensions, according to the EPC inspection conducted in January 2017. This puts it in the smallest 30% of semi-detached houses houses in Ely, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ely, and where 1 BACK LANE lies on this distribution: 22% of semi-detached houses houses are smaller than 1 BACK LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in Ely.

1 BACK LANE: Plot and Title Map

1 BACK LANE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 1 BACK LANE, 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 1 BACK LANE). 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 1 BACK LANE?

1 BACK LANE is located in ELY, in the CB7 postcode district. The below map shows the position of No. 1 on BACK LANE.