2, KINGS DRIVE, NEWMARKET, CB8 8DG - £489,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

2 KINGS DRIVE is a very large extended detached house of 253m², built sometime between 1967 and 1975. It was last sold for £489,000 in May 2018, which was around 28% above the average May 2018 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was C.

2 KINGS DRIVE Sold Prices

Land registry data shows four sales for 2 KINGS DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. All of the four 2 KINGS DRIVE 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 25 MAY	£489,000	£381,304	28% above HPI
2007 14 JUN	£354,000	£257,783	37% above HPI
2002 26 APR	£245,000	£164,336	49% above HPI
2000 18 AUG	£182,000	£130,728	39% above HPI

2 KINGS DRIVE 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 four 2 KINGS DRIVE sales between August 2000 and May 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 June 2007 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the May 2018 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 2 KINGS DRIVE?

2 KINGS DRIVE is 253m², which includes two extensions, according to the EPC inspection conducted in September 2014. This puts it in the largest 10% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where 2 KINGS DRIVE lies on this distribution: 95% of detached houses are smaller than 2 KINGS DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

2 KINGS DRIVE: Plot and Title Map

2 KINGS DRIVE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 2 KINGS DRIVE, 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 KINGS DRIVE). 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 KINGS DRIVE?

2 KINGS DRIVE is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 2 on KINGS DRIVE.