11, SPRINGHEAD LANE, ELY, CB7 4QY - £140,000

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.

11 SPRINGHEAD LANE is a very small flat of 43m², built sometime between 1967 and 1975, which could now be worth an estimated £137,997. It was last sold for £140,000 in September 2023, which was around 17% below the average September 2023 flat price in the East Cambridgeshire local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

11 SPRINGHEAD LANE Sold Prices

Land registry data shows five sales for 11 SPRINGHEAD LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average flat price in the East Cambridgeshire local authority area for the corresponding sale date. All of the five 11 SPRINGHEAD LANE 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
2023 6 SEP	£140,000	£169,530	17% below HPI
2009 30 OCT	£88,000	£106,006	17% below HPI
2004 11 JUN	£90,500	£99,530	9% below HPI
2002 7 NOV	£77,500	£83,267	7% below HPI
1997 6 MAY	£31,500	£36,539	14% below HPI

What might 11 SPRINGHEAD LANE be worth now?

11 SPRINGHEAD LANE might now be worth an estimated £137,997.

This is based on house price deflation of 1.4%, between September 2023 and April 2026, for flats, 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 1.4% deflationary decrease is applied to the most recent sale price for 11 SPRINGHEAD LANE of £140,000 on 6th September 2023. For the value to have decreased from £140,000 to £137,997 over the three years and five months to April 2026, the following assumptions must hold true:

• The value of 11 SPRINGHEAD LANE has moved in line with the HPI for flats in the East Cambridgeshire local authority area.
• The September 2023 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 11 SPRINGHEAD LANE has not materially changed since September 2023.

How Large is 11 SPRINGHEAD LANE?

11 SPRINGHEAD LANE is 43m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 20% of flats in Ely, based on EPC data. 11% of flats are smaller than 11 SPRINGHEAD LANE, and 88% of flats are larger. Note that EPC data is not available for all properties in Ely.

11 SPRINGHEAD LANE: Plot

11 SPRINGHEAD LANE sits on a plot of roughly 0.231 of an acre, or 935m².

Where is 11 SPRINGHEAD LANE?

11 SPRINGHEAD LANE is located in ELY, in the CB7 postcode district.