2, CHESTNUT WAY, MEPAL, ELY, CB6 2YR - £357,500

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 CHESTNUT WAY is a very small detached house of 83m², built sometime between 1996 and 2002. It was last sold for £357,500 in December 2023, which was around 19% below the average December 2023 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

2 CHESTNUT WAY Sold Prices

Land registry data shows three sales for 2 CHESTNUT WAY 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 2 CHESTNUT WAY 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
2023 12 DEC	£357,500	£442,010	19% below HPI
2018 15 NOV	£350,000	£386,146	9% below HPI
1998 12 MAR	£89,000	£95,676	7% below HPI

2 CHESTNUT 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 three 2 CHESTNUT WAY sales between March 1998 and December 2023 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 November 2018 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 CHESTNUT WAY?

2 CHESTNUT WAY is 83m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% of detached houses in Mepal, based on EPC data. The below chart shows the distribution of detached houses by size in Mepal, and where 2 CHESTNUT WAY lies on this distribution: 13% of detached houses are smaller than 2 CHESTNUT WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Mepal.

2 CHESTNUT WAY: Plot and Title Map

2 CHESTNUT WAY sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of 2 CHESTNUT 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 2 CHESTNUT 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 2 CHESTNUT WAY?

2 CHESTNUT WAY is located in MEPAL, in the CB6 postcode district. The below map shows the position of No. 2 on CHESTNUT WAY.