DERESTINE, OVER ROAD, WILLINGHAM, CAMBRIDGE, CB24 5EU - £380,000

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.

DERESTINE is a small extended detached house of 111m², built sometime between 1991 and 1995, which could now be worth an estimated £425,439. It was last sold for £380,000 in November 2017, which was around 30% below the average November 2017 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was April 2017, where the current energy rating was B, and the potential energy rating was B.

DERESTINE Sold Prices

Land registry data shows two sales for DERESTINE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Cambridgeshire local authority area for the corresponding sale date. Both of the two DERESTINE 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
2017 14 NOV	£380,000	£546,676	30% below HPI
1995 26 JUN	£45,000	£113,311	60% below HPI

DERESTINE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The two DERESTINE sales from June 1995 and November 2017 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 1995 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the November 2017 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might DERESTINE be worth now?

DERESTINE might now be worth an estimated £425,439.

This is based on house price inflation of 12%, between November 2017 and May 2026, for detached houses, in the South Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12% inflationary increase is applied to the most recent sale price for DERESTINE of £380,000 on 14th November 2017. For the value to have increased from £380,000 to £425,439 over the nine years and six months to May 2026, the following assumptions must hold true:

• The value of DERESTINE has moved in line with the HPI for detached houses in the South Cambridgeshire local authority area.
• The November 2017 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of DERESTINE has not materially changed since November 2017.

How Large is DERESTINE?

DERESTINE is 111m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 40% of detached houses houses in Willingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willingham, and where DERESTINE lies on this distribution: 36% of detached houses houses are smaller than DERESTINE, and 64% of houses are larger. Note that EPC data is not available for all properties in Willingham.

Where is DERESTINE?

DERESTINE is located on OVER ROAD in WILLINGHAM, in the CB24 postcode district. The below map shows the position of DERESTINE on OVER ROAD.