3, THE PITS, ISLEHAM, ELY, CB7 5QS - £275,000

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.

3 THE PITS is a very small terraced house of 72m², built sometime before 1900, which could now be worth an estimated £324,465. It was last sold for £275,000 in December 2021, which was around 18% above the average December 2021 terraced price in the East Cambridgeshire local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

3 THE PITS Sold Prices

Land registry data shows seven sales for 3 THE PITS since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average terraced price in the East Cambridgeshire local authority area for the corresponding sale date. All of the seven 3 THE PITS 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
2021 30 DEC	£275,000	£233,810	18% above HPI
2018 26 OCT	£255,000	£221,836	15% above HPI
2017 8 MAY	£240,000	£214,653	12% above HPI
2014 1 MAY	£183,000	£168,699	8% above HPI
2009 9 SEP	£147,500	£136,873	8% above HPI
2006 24 MAR	£135,000	£132,547	2% above HPI
1997 5 DEC	£57,950	£50,840	14% above HPI

3 THE PITS 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 seven 3 THE PITS sales between December 1997 and December 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 2018 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 3 THE PITS be worth now?

3 THE PITS might now be worth an estimated £324,465.

This is based on house price inflation of 18%, between December 2021 and May 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 18% inflationary increase is applied to the most recent sale price for 3 THE PITS of £275,000 on 30th December 2021. For the value to have increased from £275,000 to £324,465 over the five years and seven months to May 2026, the following assumptions must hold true:

• The value of 3 THE PITS has moved in line with the HPI for terraced houses in the East Cambridgeshire local authority area.
• The December 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE PITS has not materially changed since December 2021.

How Large is 3 THE PITS?

3 THE PITS is 72m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of terraced houses houses in Isleham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Isleham, and where 3 THE PITS lies on this distribution: 4% of terraced houses houses are smaller than 3 THE PITS, and 95% of houses are larger. Note that EPC data is not available for all properties in Isleham.

3 THE PITS: Plot and Title Map

3 THE PITS sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 3 THE PITS, 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 3 THE PITS). 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 3 THE PITS?

3 THE PITS is located in ISLEHAM, in the CB7 postcode district. The below map shows the position of No. 3 on THE PITS.