3, ESSEX CLOSE, CAMBRIDGE, CB4 2DW - £620,000

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

3 ESSEX CLOSE is a large extended detached house of 160m², built sometime between 1950 and 1966. It was last sold for £620,000 in July 2024, which was around 35% below the average July 2024 detached price in the Cambridge local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

3 ESSEX CLOSE Sold Prices

Land registry data shows three sales for 3 ESSEX 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 Cambridge local authority area for the corresponding sale date. All of the three 3 ESSEX 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
2024 30 JUL	£620,000	£954,554	35% below HPI
2017 3 JUL	£480,000	£870,449	45% below HPI
2012 10 FEB	£315,000	£541,425	42% below HPI

3 ESSEX CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cambridge local authority area over time, sourced from the HPI. The three 3 ESSEX CLOSE sales between February 2012 and July 2024 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 2017 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2024 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 3 ESSEX CLOSE?

3 ESSEX CLOSE is 160m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the largest 40% of detached houses in Cambridge, based on EPC data. The below chart shows the distribution of detached houses by size in Cambridge, and where 3 ESSEX CLOSE lies on this distribution: 68% of detached houses are smaller than 3 ESSEX CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Cambridge.

3 ESSEX CLOSE: Plot and Title Map

3 ESSEX CLOSE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 3 ESSEX 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 ESSEX 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 ESSEX CLOSE?

3 ESSEX CLOSE is located in CAMBRIDGE, in the CB4 postcode district. The below map shows the position of No. 3 on ESSEX CLOSE.