41, PARK LANE, NEWMARKET, CB8 8AZ - £244,000

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.

41 PARK LANE is a small extended terraced house of 86m², built sometime before 1900, which could now be worth an estimated £266,696. It was last sold for £244,000 in March 2021, which was around 17% above the average March 2021 terraced price in the West Suffolk local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

41 PARK LANE Sold Prices

Land registry data shows three sales for 41 PARK 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 West Suffolk local authority area for the corresponding sale date. All of the three 41 PARK 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
2021 30 MAR	£244,000	£209,429	17% above HPI
2014 27 JUN	£170,000	£148,190	15% above HPI
2007 10 AUG	£174,500	£143,409	22% above HPI

41 PARK LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Suffolk local authority area over time, sourced from the HPI. The three 41 PARK LANE sales between August 2007 and March 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 June 2014 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the March 2021 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 41 PARK LANE be worth now?

41 PARK LANE might now be worth an estimated £266,696.

This is based on house price inflation of 9.3%, between March 2021 and July 2025, for terraced houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.3% inflationary increase is applied to the most recent sale price for 41 PARK LANE of £244,000 on 30th March 2021. For the value to have increased from £244,000 to £266,696 over the three years and eight months to July 2025, the following assumptions must hold true:

• The value of 41 PARK LANE has moved in line with the HPI for terraced houses in the West Suffolk local authority area.
• The March 2021 sale price of £244,000 represented a fair market value for the property.
• The size, condition, and specification of 41 PARK LANE has not materially changed since March 2021.

How Large is 41 PARK LANE?

41 PARK LANE is 86m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% of terraced houses houses in Newmarket, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Newmarket, and where 41 PARK LANE lies on this distribution: 24% of terraced houses houses are smaller than 41 PARK LANE, and 75% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

41 PARK LANE: Plot and Title Map

41 PARK LANE sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of 41 PARK 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 41 PARK 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 41 PARK LANE?

41 PARK LANE is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 41 on PARK LANE.