124, UNION LANE, CAMBRIDGE, CB4 1QB - £623,000

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

124 UNION LANE is a small detached house of 111m², built sometime between 1976 and 1982. It was last sold for £623,000 in June 2024, which was around 34% below the average June 2024 detached price in the Cambridge local authority area. The most recent EPC inspection was June 2023, where the current energy rating was B, and the potential energy rating was A.

124 UNION LANE Sold Prices

Land registry data shows three sales for 124 UNION LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cambridge local authority area for the corresponding sale date. All of the three 124 UNION LANE 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
2024 20 JUN	£623,000	£947,239	34% below HPI
2006 28 JUN	£285,000	£442,227	36% below HPI
2001 12 DEC	£185,000	£317,345	42% below HPI

124 UNION LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cambridge local authority area over time, sourced from the HPI. The three 124 UNION LANE sales between December 2001 and June 2024 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 2006 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2024 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 124 UNION LANE?

124 UNION LANE is 111m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 40% of detached houses in Cambridge, based on EPC data. The below chart shows the distribution of detached houses by size in Cambridge, and where 124 UNION LANE lies on this distribution: 35% of detached houses are smaller than 124 UNION LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Cambridge.

124 UNION LANE: Plot and Title Map

124 UNION LANE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 124 UNION LANE, 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 124 UNION LANE). 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 124 UNION LANE?

124 UNION LANE is located in CAMBRIDGE, in the CB4 postcode district. The below map shows the position of No. 124 on UNION LANE.