2, MILL LANE, FORDHAM, ELY, CB7 5NQ - £390,000

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 MILL LANE is a large extended detached house of 163m², built sometime between 1950 and 1966, which could now be worth an estimated £615,019. It was last sold for £390,000 in March 2015, which was around 24% above the average March 2015 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows two sales for 2 MILL LANE 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. One of the two 2 MILL LANE sales was for above the average price, whilst the other was 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
2015 31 MAR	£390,000	£315,269	24% above HPI
2000 17 APR	£125,000	£130,427	4% below HPI

2 MILL LANE 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 2 MILL LANE sales from April 2000 and March 2015 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 April 2000 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2015 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 2 MILL LANE be worth now?

2 MILL LANE might now be worth an estimated £615,019.

This is based on house price inflation of 57.7%, between March 2015 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 57.7% inflationary increase is applied to the most recent sale price for 2 MILL LANE of £390,000 on 31st March 2015. For the value to have increased from £390,000 to £615,019 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 2 MILL LANE has moved in line with the HPI for detached houses in the East Cambridgeshire local authority area.
• The March 2015 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL LANE has not materially changed since March 2015.

How Large is 2 MILL LANE?

2 MILL LANE is 163m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 30% of detached houses houses in Fordham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fordham, and where 2 MILL LANE lies on this distribution: 72% of detached houses houses are smaller than 2 MILL LANE, and 28% of houses are larger. Note that EPC data is not available for all properties in Fordham.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 2 MILL LANE, 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 MILL LANE). 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 MILL LANE?

2 MILL LANE is located in FORDHAM, in the CB7 postcode district. The below map shows the position of No. 2 on MILL LANE.