11, ELM WAY, MELBOURN, ROYSTON, SG8 6UH - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

11 ELM WAY is a small detached house of 112m², built sometime between 1991 and 1995. It was last sold for £425,000 in May 2017, which was around 19% below the average May 2017 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was C.

11 ELM WAY Sold Prices

Land registry data shows five sales for 11 ELM WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Cambridgeshire local authority area for the corresponding sale date. The five 11 ELM WAY sales were a mix of below the average price, roughly equal to the average price, and 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
2017 30 MAY	£425,000	£522,968	19% below HPI
2017 13 APR	£400,000	£512,689	22% below HPI
2004 9 AUG	£290,000	£291,319	Close to HPI
2003 29 AUG	£245,000	£268,542	9% below HPI
1996 14 JUN	£131,500	£107,641	22% above HPI

11 ELM WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Cambridgeshire local authority area over time, sourced from the HPI. The five 11 ELM WAY sales between June 1996 and May 2017 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 April 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2017 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 11 ELM WAY?

11 ELM WAY is 112m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 30% of detached houses in Melbourn, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourn, and where 11 ELM WAY lies on this distribution: 29% of detached houses are smaller than 11 ELM WAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Melbourn.

11 ELM WAY: Plot and Title Map

11 ELM WAY sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 11 ELM WAY, 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 11 ELM WAY). 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 11 ELM WAY?

11 ELM WAY is located in MELBOURN, in the SG8 postcode district. The below map shows the position of No. 11 on ELM WAY.