15, NEW ROAD, MEPAL, ELY, CB6 2AP - £240,000

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.

15 NEW ROAD is a very small extended terraced house of 82m², built sometime between 1930 and 1949, which could now be worth an estimated £302,094. It was last sold for £240,000 in December 2018, which was around 10% above the average December 2018 terraced price in the East Cambridgeshire 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.

15 NEW ROAD Sold Prices

Land registry data shows three sales for 15 NEW ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the East Cambridgeshire local authority area for the corresponding sale date. Two of the three 15 NEW ROAD sales were for above the average price, whilst one was 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
2018 10 DEC	£240,000	£219,163	10% above HPI
2012 29 FEB	£153,000	£149,686	2% above HPI
2002 12 SEP	£98,500	£101,939	3% below HPI

15 NEW ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The three 15 NEW ROAD sales between September 2002 and December 2018 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 February 2012 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the December 2018 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 15 NEW ROAD be worth now?

15 NEW ROAD might now be worth an estimated £302,094.

This is based on house price inflation of 25.9%, between December 2018 and May 2026, for terraced 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 25.9% inflationary increase is applied to the most recent sale price for 15 NEW ROAD of £240,000 on 10th December 2018. For the value to have increased from £240,000 to £302,094 over the eight years and seven months to May 2026, the following assumptions must hold true:

• The value of 15 NEW ROAD has moved in line with the HPI for terraced houses in the East Cambridgeshire local authority area.
• The December 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 15 NEW ROAD has not materially changed since December 2018.

How Large is 15 NEW ROAD?

15 NEW ROAD is 82m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 20% of terraced houses houses in Mepal, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Mepal, and where 15 NEW ROAD lies on this distribution: 12% of terraced houses houses are smaller than 15 NEW ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Mepal.

15 NEW ROAD: Plot and Title Map

15 NEW ROAD sits on a plot of roughly 0.227 of an acre, or 918m². The below map shows the location of 15 NEW ROAD, 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 15 NEW ROAD). 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 15 NEW ROAD?

15 NEW ROAD is located in MEPAL, in the CB6 postcode district. The below map shows the position of No. 15 on NEW ROAD.