2, LAUREL CLOSE, MEPAL, ELY, CB6 2BN - £160,000

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.

2 LAUREL CLOSE is a very small terraced house of 52m², built sometime between 1950 and 1966, which could now be worth an estimated £205,392. It was last sold for £160,000 in November 2019, which was around 28% below the average November 2019 terraced price in the East Cambridgeshire local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

2 LAUREL CLOSE Sold Prices

Land registry data shows three sales for 2 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 2 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
2019 15 NOV	£160,000	£222,677	28% below HPI
2018 23 MAR	£150,000	£218,379	31% below HPI
1998 22 MAY	£49,950	£54,174	8% below HPI

2 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 2 LAUREL CLOSE sales between May 1998 and November 2019 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 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2019 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 LAUREL CLOSE be worth now?

2 LAUREL CLOSE might now be worth an estimated £205,392.

This is based on house price inflation of 28.4%, between November 2019 and October 2025, 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 28.4% inflationary increase is applied to the most recent sale price for 2 LAUREL CLOSE of £160,000 on 15th November 2019. For the value to have increased from £160,000 to £205,392 over the six years and one month to October 2025, the following assumptions must hold true:

• The value of 2 LAUREL CLOSE has moved in line with the HPI for terraced houses in the East Cambridgeshire local authority area.
• The November 2019 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAUREL CLOSE has not materially changed since November 2019.

How Large is 2 LAUREL CLOSE?

2 LAUREL CLOSE is 52m² according to the EPC inspection conducted in January 2019. 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 2 LAUREL CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 2 LAUREL CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Mepal.

2 LAUREL CLOSE: Plot and Title Map

2 LAUREL CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 2 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 2 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 2 LAUREL CLOSE?

2 LAUREL CLOSE is located in MEPAL, in the CB6 postcode district. The below map shows the position of No. 2 on LAUREL CLOSE.