16, LAUREL CLOSE, MEPAL, ELY, CB6 2BN - £115,000

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.

16 LAUREL CLOSE is a very small terraced house of 51m², built sometime between 1976 and 1982, which could now be worth an estimated £213,995. It was last sold for £115,000 in May 2012, which was around 21% below the average May 2012 terraced price in the East Cambridgeshire local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

16 LAUREL CLOSE Sold Prices

Land registry data shows three sales for 16 LAUREL CLOSE 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. All of the three 16 LAUREL CLOSE 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
2012 3 MAY	£115,000	£145,426	21% below HPI
1999 27 JUL	£57,000	£58,894	3% below HPI
1995 1 DEC	£39,500	£45,046	12% below HPI

16 LAUREL CLOSE 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 16 LAUREL CLOSE sales between December 1995 and May 2012 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 July 1999 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2012 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 16 LAUREL CLOSE be worth now?

16 LAUREL CLOSE might now be worth an estimated £213,995.

This is based on house price inflation of 86.1%, between May 2012 and April 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 86.1% inflationary increase is applied to the most recent sale price for 16 LAUREL CLOSE of £115,000 on 3rd May 2012. For the value to have increased from £115,000 to £213,995 over the fourteen years and one month to April 2026, the following assumptions must hold true:

• The value of 16 LAUREL CLOSE has moved in line with the HPI for terraced houses in the East Cambridgeshire local authority area.
• The May 2012 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LAUREL CLOSE has not materially changed since May 2012.

How Large is 16 LAUREL CLOSE?

16 LAUREL CLOSE is 51m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% 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 16 LAUREL CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 16 LAUREL CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Mepal.

16 LAUREL CLOSE: Plot and Title Map

16 LAUREL CLOSE sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 16 LAUREL CLOSE, 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 16 LAUREL CLOSE). 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 16 LAUREL CLOSE?

16 LAUREL CLOSE is located in MEPAL, in the CB6 postcode district. The below map shows the position of No. 16 on LAUREL CLOSE.