2, THE TERRACE, CAMBRIDGE, CB3 0BE - £600,000

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 THE TERRACE is a very small extended detached house of 91m², built sometime before 1900, which could now be worth an estimated £683,899. It was last sold for £600,000 in May 2018, which was around 33% below the average May 2018 detached price in the Cambridge local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

2 THE TERRACE Sold Prices

Land registry data shows three sales for 2 THE TERRACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cambridge local authority area for the corresponding sale date. All of the three 2 THE TERRACE 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
2018 4 MAY	£600,000	£900,116	33% below HPI
2006 28 JUL	£386,150	£476,108	19% below HPI
2004 26 MAR	£313,000	£401,125	22% below HPI

2 THE TERRACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cambridge local authority area over time, sourced from the HPI. The three 2 THE TERRACE sales between March 2004 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 July 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2018 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 2 THE TERRACE be worth now?

2 THE TERRACE might now be worth an estimated £683,899.

This is based on house price inflation of 14%, between May 2018 and February 2025, for detached houses, in the Cambridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14% inflationary increase is applied to the most recent sale price for 2 THE TERRACE of £600,000 on 4th May 2018. For the value to have increased from £600,000 to £683,899 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 2 THE TERRACE has moved in line with the HPI for detached houses in the Cambridge local authority area.
• The May 2018 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE TERRACE has not materially changed since May 2018.

How Large is 2 THE TERRACE?

2 THE TERRACE is 91m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 20% of detached houses houses in Cambridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cambridge, and where 2 THE TERRACE lies on this distribution: 16% of detached houses houses are smaller than 2 THE TERRACE, and 83% of houses are larger. Note that EPC data is not available for all properties in Cambridge.

2 THE TERRACE: Plot and Title Map

2 THE TERRACE sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 2 THE TERRACE, 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 THE TERRACE). 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 THE TERRACE?

2 THE TERRACE is located in CAMBRIDGE, in the CB3 postcode district. The below map shows the position of No. 2 on THE TERRACE.