15, MONARCH WAY, ELY, CB7 4JP - £515,000

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.

15 MONARCH WAY is a large detached house of 128m², which could now be worth an estimated £548,655. It was last sold for £515,000 in December 2022, which was around 10% above the average December 2022 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was A.

15 MONARCH WAY Sold Prices

Land registry data shows two sales for 15 MONARCH WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. Both of the two 15 MONARCH WAY 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
2022 20 DEC	£515,000	£466,673	10% above HPI
2020 13 MAR	£489,950	£402,052	22% above HPI

15 MONARCH WAY 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 two 15 MONARCH WAY sales from March 2020 and December 2022 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 March 2020 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the December 2022 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 15 MONARCH WAY be worth now?

15 MONARCH WAY might now be worth an estimated £548,655.

This is based on house price inflation of 6.5%, between December 2022 and February 2025, for detached 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 6.5% inflationary increase is applied to the most recent sale price for 15 MONARCH WAY of £515,000 on 20th December 2022. For the value to have increased from £515,000 to £548,655 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 MONARCH WAY has moved in line with the HPI for detached houses in the East Cambridgeshire local authority area.
• The December 2022 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MONARCH WAY has not materially changed since December 2022.

How Large is 15 MONARCH WAY?

15 MONARCH WAY is 128m² according to the EPC inspection conducted in May 2019. This puts it in the largest 40% of detached houses houses in Ely, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ely, and where 15 MONARCH WAY lies on this distribution: 61% of detached houses houses are smaller than 15 MONARCH WAY, and 38% of houses are larger. Note that EPC data is not available for all properties in Ely.

15 MONARCH WAY: Plot and Title Map

15 MONARCH WAY sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 15 MONARCH 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 15 MONARCH 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 15 MONARCH WAY?

15 MONARCH WAY is located in ELY, in the CB7 postcode district. The below map shows the position of No. 15 on MONARCH WAY.