2, CARPENTERS CLOSE, GAZELEY, NEWMARKET, CB8 8GE - £487,000

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

2 CARPENTERS CLOSE is a large detached house of 184m², built sometime between 2003 and 2006. It was last sold for £487,000 in February 2018, which was around 31% above the average February 2018 detached price in the West Suffolk local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

2 CARPENTERS CLOSE Sold Prices

Land registry data shows three sales for 2 CARPENTERS 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 West Suffolk local authority area for the corresponding sale date. All of the three 2 CARPENTERS CLOSE 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
2018 22 FEB	£487,000	£371,374	31% above HPI
2014 14 FEB	£390,000	£275,806	41% above HPI
2004 28 MAY	£388,000	£225,089	72% above HPI

2 CARPENTERS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The three 2 CARPENTERS CLOSE sales between May 2004 and February 2018 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 February 2014 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the February 2018 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 2 CARPENTERS CLOSE?

2 CARPENTERS CLOSE is 184m² according to the EPC inspection conducted in May 2017. This puts it in the largest 30% of detached houses in Gazeley, based on EPC data. The below chart shows the distribution of detached houses by size in Gazeley, and where 2 CARPENTERS CLOSE lies on this distribution: 77% of detached houses are smaller than 2 CARPENTERS CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Gazeley.

2 CARPENTERS CLOSE: Plot and Title Map

2 CARPENTERS CLOSE sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of 2 CARPENTERS 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 2 CARPENTERS 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 2 CARPENTERS CLOSE?

2 CARPENTERS CLOSE is located in GAZELEY, in the CB8 postcode district. The below map shows the position of No. 2 on CARPENTERS CLOSE.