7, MERE WAY, CAMBRIDGE, CB4 2JP - £357,000

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.

7 MERE WAY is a very small extended terraced house of 66m², built sometime between 1950 and 1966, which could now be worth an estimated £344,371. It was last sold for £357,000 in May 2023, which was around 28% below the average May 2023 terraced price in the Cambridge local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.

7 MERE WAY Sold Prices

Land registry data shows one sale for 7 MERE WAY since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Cambridge local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 5 MAY	£357,000	£495,745	28% below HPI

What might 7 MERE WAY be worth now?

7 MERE WAY might now be worth an estimated £344,371.

This is based on house price deflation of 3.5%, between May 2023 and April 2026, for terraced houses, in the Cambridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.5% deflationary decrease is applied to the most recent sale price for 7 MERE WAY of £357,000 on 5th May 2023. For the value to have decreased from £357,000 to £344,371 over the three years and one month to April 2026, the following assumptions must hold true:

• The value of 7 MERE WAY has moved in line with the HPI for terraced houses in the Cambridge local authority area.
• The May 2023 sale price of £357,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MERE WAY has not materially changed since May 2023.

How Large is 7 MERE WAY?

7 MERE WAY is 66m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the smallest 20% of terraced houses in Cambridge, based on EPC data. The below chart shows the distribution of terraced houses by size in Cambridge, and where 7 MERE WAY lies on this distribution: 17% of terraced houses are smaller than 7 MERE WAY, and 82% of terraced houses are larger. Note that EPC data is not available for all properties in Cambridge.

7 MERE WAY: Plot

7 MERE WAY sits on a plot of roughly 0.062 of an acre, or 250m².

Where is 7 MERE WAY?

7 MERE WAY is located in CAMBRIDGE, in the CB4 postcode district.