2, SCHOOL ROAD, ELY, CB6 2FG - £225,000

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.

2 SCHOOL ROAD is a large flat of 61m², built in 2017, which could now be worth an estimated £221,373. It was last sold for £225,000 in April 2023, which was around 32% above the average April 2023 flat price in the East Cambridgeshire local authority area. The most recent EPC inspection was December 2018, where the current energy rating was B, and the potential energy rating was B.

2 SCHOOL ROAD Sold Prices

Land registry data shows two sales for 2 SCHOOL ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the East Cambridgeshire local authority area for the corresponding sale date. Both of the two 2 SCHOOL ROAD 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
2023 14 APR	£225,000	£169,842	32% above HPI
2019 26 APR	£199,995	£156,404	28% above HPI

What might 2 SCHOOL ROAD be worth now?

2 SCHOOL ROAD might now be worth an estimated £221,373.

This is based on house price deflation of 1.6%, between April 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 1.6% deflationary decrease is applied to the most recent sale price for 2 SCHOOL ROAD of £225,000 on 14th April 2023. For the value to have decreased from £225,000 to £221,373 over the three years to April 2026, the following assumptions must hold true:

• The value of 2 SCHOOL ROAD has moved in line with the HPI for flats in the East Cambridgeshire local authority area.
• The April 2023 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SCHOOL ROAD has not materially changed since April 2023.

How Large is 2 SCHOOL ROAD?

2 SCHOOL ROAD is 61m² according to the EPC inspection conducted in December 2018. This puts it in the largest 40% of flats in Ely, based on EPC data. 65% of flats are smaller than 2 SCHOOL ROAD, and 32% of flats are larger. Note that EPC data is not available for all properties in Ely.

2 SCHOOL ROAD: Plot

2 SCHOOL ROAD sits on a plot of roughly 0.329 of an acre, or 1,333m².

Where is 2 SCHOOL ROAD?

2 SCHOOL ROAD is located in ELY, in the CB6 postcode district.