2, PRINCESS WAY, NEWMARKET, CB8 0NX - £360,000

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 PRINCESS WAY is a midsized extended detached house of 106m², built sometime between 1930 and 1949, which could now be worth an estimated £435,202. It was last sold for £360,000 in July 2017, which was around 3% below the average July 2017 detached price in the West Suffolk local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

2 PRINCESS WAY Sold Prices

Land registry data shows three sales for 2 PRINCESS 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 West Suffolk local authority area for the corresponding sale date. All of the three 2 PRINCESS 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
2017 10 JUL	£360,000	£372,669	3% below HPI
2013 1 NOV	£275,000	£277,770	1% below HPI
2007 5 OCT	£275,000	£281,600	2% below HPI

2 PRINCESS WAY 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 PRINCESS WAY sales between October 2007 and July 2017 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 2013 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2017 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 PRINCESS WAY be worth now?

2 PRINCESS WAY might now be worth an estimated £435,202.

This is based on house price inflation of 20.9%, between July 2017 and February 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.9% inflationary increase is applied to the most recent sale price for 2 PRINCESS WAY of £360,000 on 10th July 2017. For the value to have increased from £360,000 to £435,202 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 2 PRINCESS WAY has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The July 2017 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PRINCESS WAY has not materially changed since July 2017.

How Large is 2 PRINCESS WAY?

2 PRINCESS WAY is 106m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the smallest 50% of detached houses houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newmarket, and where 2 PRINCESS WAY lies on this distribution: 42% of detached houses houses are smaller than 2 PRINCESS WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

2 PRINCESS WAY: Plot and Title Map

2 PRINCESS WAY sits on a plot of roughly 0.159 of an acre, or 642m². The below map shows the location of 2 PRINCESS 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 PRINCESS 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 PRINCESS WAY?

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