16, MILLER WAY, GREAT CAMBOURNE, CAMBRIDGE, CB23 5FJ - £295,000

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 MILLER WAY is a very small terraced house of 80m², built sometime between 2003 and 2006, which could now be worth an estimated £291,504. It was last sold for £295,000 in June 2022, which was around 5% below the average June 2022 terraced price in the South Cambridgeshire local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

16 MILLER WAY Sold Prices

Land registry data shows five sales for 16 MILLER WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the South Cambridgeshire local authority area for the corresponding sale date. Most of the five 16 MILLER WAY 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
2022 30 JUN	£295,000	£311,747	5% below HPI
2015 28 APR	£214,000	£235,114	9% below HPI
2009 31 MAR	£148,000	£162,206	9% below HPI
2004 5 OCT	£164,000	£160,763	2% above HPI
2004 10 MAY	£150,000	£154,607	3% below HPI

16 MILLER WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The five 16 MILLER WAY sales between May 2004 and June 2022 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 April 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 16 MILLER WAY be worth now?

16 MILLER WAY might now be worth an estimated £291,504.

This is based on house price deflation of 1.2%, between June 2022 and June 2025, for terraced houses, in the South Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.2% deflationary decrease is applied to the most recent sale price for 16 MILLER WAY of £295,000 on 30th June 2022. For the value to have decreased from £295,000 to £291,504 over the three years to June 2025, the following assumptions must hold true:

• The value of 16 MILLER WAY has moved in line with the HPI for terraced houses in the South Cambridgeshire local authority area.
• The June 2022 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MILLER WAY has not materially changed since June 2022.

How Large is 16 MILLER WAY?

16 MILLER WAY is 80m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of terraced houses houses in Cambourne, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cambourne, and where 16 MILLER WAY lies on this distribution: 6% of terraced houses houses are smaller than 16 MILLER WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Cambourne.

16 MILLER WAY: Plot and Title Map

16 MILLER WAY sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of 16 MILLER WAY, 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 MILLER WAY). 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 MILLER WAY?

16 MILLER WAY is located in GREAT CAMBOURNE, in the CB23 postcode district. The below map shows the position of No. 16 on MILLER WAY.