21, ELM WAY, MELBOURN, ROYSTON, SG8 6UH - £525,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

21 ELM WAY is a small extended detached house of 108m², built sometime between 1996 and 2002. It was last sold for £525,000 in August 2023, which was around 11% below the average August 2023 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

21 ELM WAY Sold Prices

Land registry data shows three sales for 21 ELM 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. All of the three 21 ELM 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
2023 31 AUG	£525,000	£590,996	11% below HPI
1999 21 MAY	£119,000	£143,322	17% below HPI
1997 5 SEP	£124,950	£131,801	5% below HPI

21 ELM 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 21 ELM WAY sales between September 1997 and August 2023 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 May 1999 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 21 ELM WAY?

21 ELM WAY is 108m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% of detached houses in Melbourn, based on EPC data. The below chart shows the distribution of detached houses by size in Melbourn, and where 21 ELM WAY lies on this distribution: 26% of detached houses are smaller than 21 ELM WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Melbourn.

21 ELM WAY: Plot and Title Map

21 ELM WAY sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 21 ELM 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 21 ELM 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 21 ELM WAY?

21 ELM WAY is located in MELBOURN, in the SG8 postcode district. The below map shows the position of No. 21 on ELM WAY.