24, NEWMARKET ROAD, CHEVELEY, NEWMARKET, CB8 9EQ - £455,000

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

24 NEWMARKET ROAD is a large extended detached house of 198m², built sometime between 1950 and 1966. It was last sold for £455,000 in March 2018, which was around 21% above the average March 2018 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was January 2018, where the current energy rating was F, and the potential energy rating was C.

24 NEWMARKET ROAD Sold Prices

Land registry data shows two sales for 24 NEWMARKET ROAD 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. Both of the two 24 NEWMARKET ROAD sales were for above 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 12 MAR	£455,000	£376,870	21% above HPI
1995 16 MAR	£102,000	£75,186	36% above HPI

24 NEWMARKET ROAD 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 24 NEWMARKET ROAD sales from March 1995 and March 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 March 1995 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the March 2018 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 24 NEWMARKET ROAD?

24 NEWMARKET ROAD is 198m², which includes two extensions, according to the EPC inspection conducted in January 2018. This puts it in the largest 30% of detached houses in Cheveley, based on EPC data. The below chart shows the distribution of detached houses by size in Cheveley, and where 24 NEWMARKET ROAD lies on this distribution: 71% of detached houses are smaller than 24 NEWMARKET ROAD, and 29% of houses are larger. Note that EPC data is not available for all properties in Cheveley.

24 NEWMARKET ROAD: Plot and Title Map

24 NEWMARKET ROAD sits on a plot of roughly 0.197 of an acre, or 797m². The below map shows the location of 24 NEWMARKET ROAD, 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 24 NEWMARKET ROAD). 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 24 NEWMARKET ROAD?

24 NEWMARKET ROAD is located in CHEVELEY, in the CB8 postcode district. The below map shows the position of No. 24 on NEWMARKET ROAD.