23, PARK LANE, NEWMARKET, CB8 8AZ - £277,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

23 PARK LANE is a very large semi-detached house of 221m², built sometime between 1900 and 1929. It was last sold for £277,000 in August 2020, which was around 29% below the average August 2020 detached price in the West Suffolk local authority area. The most recent EPC inspection was October 2019, where the current energy rating was E, and the potential energy rating was C.

23 PARK LANE Sold Prices

Land registry data shows two sales for 23 PARK 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 West Suffolk local authority area for the corresponding sale date. Both of the two 23 PARK LANE 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
2020 11 AUG	£277,000	£388,427	29% below HPI
1997 31 JAN	£78,000	£83,129	6% below HPI

23 PARK LANE 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 two 23 PARK LANE sales from January 1997 and August 2020 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 January 1997 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 23 PARK LANE?

23 PARK LANE is 221m² according to the EPC inspection conducted in October 2019. 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 23 PARK LANE lies on this distribution: 90% of detached houses are smaller than 23 PARK LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

23 PARK LANE: Plot and Title Map

23 PARK LANE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 23 PARK 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 23 PARK 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 23 PARK LANE?

23 PARK LANE is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 23 on PARK LANE.