15, THE GROVE, STRETHAM, ELY, CB6 3NB - £262,500

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 THE GROVE is a very small detached house of 68m², built sometime between 1983 and 1990, which could now be worth an estimated £304,482. It was last sold for £262,500 in February 2021, which was around 36% below the average February 2021 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was November 2019, where the current energy rating was E, and the potential energy rating was C.

15 THE GROVE Sold Prices

Land registry data shows two sales for 15 THE GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. Both of the two 15 THE GROVE 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
2021 26 FEB	£262,500	£409,054	36% below HPI
2019 2 OCT	£180,000	£405,671	56% below HPI

15 THE GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The two 15 THE GROVE sales from October 2019 and February 2021 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 2019 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the February 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 15 THE GROVE be worth now?

15 THE GROVE might now be worth an estimated £304,482.

This is based on house price inflation of 16%, between February 2021 and June 2025, for 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 16% inflationary increase is applied to the most recent sale price for 15 THE GROVE of £262,500 on 26th February 2021. For the value to have increased from £262,500 to £304,482 over the three years and eight months to June 2025, the following assumptions must hold true:

• The value of 15 THE GROVE has moved in line with the HPI for detached houses in the East Cambridgeshire local authority area.
• The February 2021 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 15 THE GROVE has not materially changed since February 2021.

How Large is 15 THE GROVE?

15 THE GROVE is 68m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses houses in Stretham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stretham, and where 15 THE GROVE lies on this distribution: 5% of detached houses houses are smaller than 15 THE GROVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Stretham.

15 THE GROVE: Plot and Title Map

15 THE GROVE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 15 THE GROVE, 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 THE GROVE). 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 THE GROVE?

15 THE GROVE is located in STRETHAM, in the CB6 postcode district. The below map shows the position of No. 15 on THE GROVE.