28, LAUREL CLOSE, MEPAL, ELY, CB6 2BN - £375,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

28 LAUREL CLOSE is a midsized detached house of 94m², built sometime between 1976 and 1982. It was last sold for £375,000 in May 2022, which was around 11% below the average May 2022 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

28 LAUREL CLOSE Sold Prices

Land registry data shows two sales for 28 LAUREL CLOSE 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 28 LAUREL CLOSE 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
2022 27 MAY	£375,000	£422,597	11% below HPI
2020 20 JUL	£300,000	£386,753	22% below HPI

28 LAUREL CLOSE 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 28 LAUREL CLOSE sales from July 2020 and May 2022 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 2020 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 28 LAUREL CLOSE?

28 LAUREL CLOSE is 94m² according to the EPC inspection conducted in February 2018. This puts it in the largest 50% of detached houses in Mepal, based on EPC data. The below chart shows the distribution of detached houses by size in Mepal, and where 28 LAUREL CLOSE lies on this distribution: 53% of detached houses are smaller than 28 LAUREL CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Mepal.

28 LAUREL CLOSE: Plot and Title Map

28 LAUREL CLOSE sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 28 LAUREL CLOSE, 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 28 LAUREL CLOSE). 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 28 LAUREL CLOSE?

28 LAUREL CLOSE is located in MEPAL, in the CB6 postcode district. The below map shows the position of No. 28 on LAUREL CLOSE.