7, THE MEDWAY, ELY, CB6 2WU - £179,950

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 THE MEDWAY is a small terraced house of 69m², built sometime between 2003 and 2006, which could now be worth an estimated £288,660. It was last sold for £179,950 in May 2014, which was around 7% above the average May 2014 terraced price in the East Cambridgeshire local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was A.

7 THE MEDWAY Sold Prices

Land registry data shows five sales for 7 THE MEDWAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the East Cambridgeshire local authority area for the corresponding sale date. All of the five 7 THE MEDWAY 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
2014 2 MAY	£179,950	£168,699	7% above HPI
2014 2 MAY	£179,950	£168,699	7% above HPI
2006 26 MAY	£152,500	£138,036	10% above HPI
2004 8 DEC	£147,000	£129,024	14% above HPI
2004 7 APR	£138,000	£119,314	16% above HPI

What might 7 THE MEDWAY be worth now?

7 THE MEDWAY might now be worth an estimated £288,660.

This is based on house price inflation of 60.4%, between May 2014 and April 2026, for terraced 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 60.4% inflationary increase is applied to the most recent sale price for 7 THE MEDWAY of £179,950 on 2nd May 2014. For the value to have increased from £179,950 to £288,660 over the twelve years and one month to April 2026, the following assumptions must hold true:

• The value of 7 THE MEDWAY has moved in line with the HPI for terraced houses in the East Cambridgeshire local authority area.
• The May 2014 sale price of £179,950 represented a fair market value for the property.
• The size, condition, and specification of 7 THE MEDWAY has not materially changed since May 2014.

How Large is 7 THE MEDWAY?

7 THE MEDWAY is 69m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 40% of terraced houses in Ely, based on EPC data. The below chart shows the distribution of terraced houses by size in Ely, and where 7 THE MEDWAY lies on this distribution: 39% of terraced houses are smaller than 7 THE MEDWAY, and 59% of terraced houses are larger. Note that EPC data is not available for all properties in Ely.

7 THE MEDWAY: Plot

7 THE MEDWAY sits on a plot of roughly 0.022 of an acre, or 90m².

Where is 7 THE MEDWAY?

7 THE MEDWAY is located in ELY, in the CB6 postcode district.