2, FORTUNE WAY, BASSINGBOURN, ROYSTON, SG8 5YR - £575,000

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.

2 FORTUNE WAY is a small detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £596,952. It was last sold for £575,000 in July 2022, which was around 6% below the average July 2022 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

2 FORTUNE WAY Sold Prices

Land registry data shows three sales for 2 FORTUNE 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 South Cambridgeshire local authority area for the corresponding sale date. Two of the three 2 FORTUNE WAY sales were for below the average price, whilst one was 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 1 JUL	£575,000	£611,186	6% below HPI
2011 23 SEP	£350,000	£377,156	7% below HPI
1998 22 SEP	£166,500	£156,372	6% above HPI

2 FORTUNE 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 three 2 FORTUNE WAY sales between September 1998 and July 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 September 2011 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2022 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 2 FORTUNE WAY be worth now?

2 FORTUNE WAY might now be worth an estimated £596,952.

This is based on house price inflation of 3.8%, between July 2022 and February 2025, for detached houses, in the South Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.8% inflationary increase is applied to the most recent sale price for 2 FORTUNE WAY of £575,000 on 1st July 2022. For the value to have increased from £575,000 to £596,952 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 2 FORTUNE WAY has moved in line with the HPI for detached houses in the South Cambridgeshire local authority area.
• The July 2022 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FORTUNE WAY has not materially changed since July 2022.

How Large is 2 FORTUNE WAY?

2 FORTUNE WAY is 114m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of detached houses houses in Bassingbourn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bassingbourn, and where 2 FORTUNE WAY lies on this distribution: 26% of detached houses houses are smaller than 2 FORTUNE WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Bassingbourn.

2 FORTUNE WAY: Plot and Title Map

2 FORTUNE WAY sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of 2 FORTUNE 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 FORTUNE 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 FORTUNE WAY?

2 FORTUNE WAY is located in BASSINGBOURN, in the SG8 postcode district. The below map shows the position of No. 2 on FORTUNE WAY.