3, CEDAR CLOSE, MELBOURN, ROYSTON, SG8 6BL - £365,000

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

3 CEDAR CLOSE is a small extended detached house of 109m², built sometime between 1967 and 1975. It was last sold for £365,000 in May 2016, which was around 24% below the average May 2016 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

3 CEDAR CLOSE Sold Prices

Land registry data shows three sales for 3 CEDAR CLOSE 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 3 CEDAR 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
2016 27 MAY	£365,000	£482,707	24% below HPI
1999 8 FEB	£122,000	£139,554	13% below HPI
1996 11 OCT	£88,000	£110,975	21% below HPI

3 CEDAR CLOSE 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 3 CEDAR CLOSE sales between October 1996 and May 2016 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 February 1999 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2016 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 CEDAR CLOSE?

3 CEDAR CLOSE is 109m², which includes four extensions, according to the EPC inspection conducted in January 2015. 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 3 CEDAR CLOSE lies on this distribution: 27% of detached houses are smaller than 3 CEDAR CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Melbourn.

3 CEDAR CLOSE: Plot and Title Map

3 CEDAR CLOSE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 3 CEDAR 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 3 CEDAR 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 3 CEDAR CLOSE?

3 CEDAR CLOSE is located in MELBOURN, in the SG8 postcode district. The below map shows the position of No. 3 on CEDAR CLOSE.