24, BRAYS LANE, ELY, CB7 4QJ - £255,000

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.

24 BRAYS LANE is a very small terraced house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £382,731. It was last sold for £255,000 in May 2015, which was around 41% above the average May 2015 terraced price in the East Cambridgeshire local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

24 BRAYS LANE Sold Prices

Land registry data shows three sales for 24 BRAYS LANE 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 24 BRAYS LANE sales were for above 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
2015 29 MAY	£255,000	£180,299	41% above HPI
2013 6 SEP	£196,000	£162,314	21% above HPI
2002 21 MAY	£137,000	£93,106	47% above HPI

24 BRAYS LANE 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 24 BRAYS LANE sales between May 2002 and May 2015 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 September 2013 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2015 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 24 BRAYS LANE be worth now?

24 BRAYS LANE might now be worth an estimated £382,731.

This is based on house price inflation of 50.1%, between May 2015 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 50.1% inflationary increase is applied to the most recent sale price for 24 BRAYS LANE of £255,000 on 29th May 2015. For the value to have increased from £255,000 to £382,731 over the eleven years and one month to April 2026, the following assumptions must hold true:

• The value of 24 BRAYS LANE has moved in line with the HPI for terraced houses in the East Cambridgeshire local authority area.
• The May 2015 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 24 BRAYS LANE has not materially changed since May 2015.

How Large is 24 BRAYS LANE?

24 BRAYS LANE is 76m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% of terraced houses houses in Ely, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ely, and where 24 BRAYS LANE lies on this distribution: 8% of terraced houses houses are smaller than 24 BRAYS LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Ely.

24 BRAYS LANE: Plot and Title Map

24 BRAYS LANE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 24 BRAYS LANE, 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 24 BRAYS LANE). 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 24 BRAYS LANE?

24 BRAYS LANE is located in ELY, in the CB7 postcode district. The below map shows the position of No. 24 on BRAYS LANE.