8, OLD BANK, PRICKWILLOW, ELY, CB7 4UT - £242,500

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.

8 OLD BANK is a large detached house of 159m², built sometime between 1967 and 1975, which could now be worth an estimated £410,603. It was last sold for £242,500 in June 2014, which was around 17% below the average June 2014 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

8 OLD BANK Sold Prices

Land registry data shows four sales for 8 OLD BANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. All of the four 8 OLD BANK 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
2014 11 JUN	£242,500	£292,330	17% below HPI
2013 14 NOV	£155,000	£277,933	44% below HPI
2002 25 JAN	£140,000	£161,688	13% below HPI
1996 30 SEP	£66,000	£81,817	19% below HPI

8 OLD BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The four 8 OLD BANK sales between September 1996 and June 2014 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 November 2013 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the June 2014 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 OLD BANK be worth now?

8 OLD BANK might now be worth an estimated £410,603.

This is based on house price inflation of 69.3%, between June 2014 and May 2026, for detached 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 69.3% inflationary increase is applied to the most recent sale price for 8 OLD BANK of £242,500 on 11th June 2014. For the value to have increased from £242,500 to £410,603 over the twelve years and one month to May 2026, the following assumptions must hold true:

• The value of 8 OLD BANK has moved in line with the HPI for detached houses in the East Cambridgeshire local authority area.
• The June 2014 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 8 OLD BANK has not materially changed since June 2014.

How Large is 8 OLD BANK?

8 OLD BANK is 159m² according to the EPC inspection conducted in August 2014. This puts it in the largest 30% of detached houses houses in Prickwillow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Prickwillow, and where 8 OLD BANK lies on this distribution: 71% of detached houses houses are smaller than 8 OLD BANK, and 29% of houses are larger. Note that EPC data is not available for all properties in Prickwillow.

8 OLD BANK: Plot and Title Map

8 OLD BANK sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of 8 OLD BANK, 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 8 OLD BANK). 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 8 OLD BANK?

8 OLD BANK is located in PRICKWILLOW, in the CB7 postcode district. The below map shows the position of No. 8 on OLD BANK.