1, MALVERN CLOSE, NEWMARKET, CB8 8BP - £370,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MALVERN CLOSE is a small detached house of 88m², built sometime between 1950 and 1966. It was last sold for £370,000 in August 2019, which was around 5% below the average August 2019 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

1 MALVERN CLOSE Sold Prices

Land registry data shows three sales for 1 MALVERN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. All of the three 1 MALVERN CLOSE 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
2019 30 AUG	£370,000	£390,975	5% below HPI
2016 7 JUN	£350,000	£352,096	1% below HPI
2007 19 DEC	£232,500	£262,950	12% below HPI

1 MALVERN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The three 1 MALVERN CLOSE sales between December 2007 and August 2019 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 2016 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2019 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 1 MALVERN CLOSE?

1 MALVERN CLOSE is 88m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 30% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where 1 MALVERN CLOSE lies on this distribution: 26% of detached houses are smaller than 1 MALVERN CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

1 MALVERN CLOSE: Plot and Title Map

1 MALVERN CLOSE sits on a plot of roughly 0.156 of an acre, or 631m². The below map shows the location of 1 MALVERN CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MALVERN CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MALVERN CLOSE?

1 MALVERN CLOSE is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 1 on MALVERN CLOSE.