3, WELLAND PLACE, ELY, CB6 2WE - £310,000

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 WELLAND PLACE is a midsized terraced house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £382,773. It was last sold for £310,000 in December 2018, which was around 41% above the average December 2018 terraced price in the East Cambridgeshire local authority area. The most recent EPC inspection was January 2011, where the current energy rating was C, and the potential energy rating was C.

3 WELLAND PLACE Sold Prices

Land registry data shows three sales for 3 WELLAND PLACE 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 3 WELLAND PLACE 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
2018 10 DEC	£310,000	£219,163	41% above HPI
2011 27 MAY	£198,000	£144,762	37% above HPI
2002 29 NOV	£157,950	£102,322	54% above HPI

3 WELLAND PLACE 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 3 WELLAND PLACE sales between November 2002 and December 2018 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 May 2011 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the December 2018 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 3 WELLAND PLACE be worth now?

3 WELLAND PLACE might now be worth an estimated £382,773.

This is based on house price inflation of 23.5%, between December 2018 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 23.5% inflationary increase is applied to the most recent sale price for 3 WELLAND PLACE of £310,000 on 10th December 2018. For the value to have increased from £310,000 to £382,773 over the eight years and eight months to April 2026, the following assumptions must hold true:

• The value of 3 WELLAND PLACE has moved in line with the HPI for terraced houses in the East Cambridgeshire local authority area.
• The December 2018 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WELLAND PLACE has not materially changed since December 2018.

How Large is 3 WELLAND PLACE?

3 WELLAND PLACE is 120m² according to the EPC inspection conducted in January 2011. This puts it in the largest 50% 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 3 WELLAND PLACE lies on this distribution: 52% of terraced houses houses are smaller than 3 WELLAND PLACE, and 48% of houses are larger. Note that EPC data is not available for all properties in Ely.

3 WELLAND PLACE: Plot and Title Map

3 WELLAND PLACE sits on a plot of roughly 0.024 of an acre, or 99m². The below map shows the location of 3 WELLAND PLACE, 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 WELLAND PLACE). 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 WELLAND PLACE?

3 WELLAND PLACE is located in ELY, in the CB6 postcode district. The below map shows the position of No. 3 on WELLAND PLACE.