3, PRINCESS WAY, NEWMARKET, CB8 0NX - £265,000

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 PRINCESS WAY is a very small extended detached house of 68m², built sometime between 1950 and 1966. It was last sold for £265,000 in July 2020, which was around 32% below the average July 2020 detached price in the West Suffolk local authority area. The most recent EPC inspection was December 2019, where the current energy rating was E, and the potential energy rating was B.

3 PRINCESS WAY Sold Prices

Land registry data shows two sales for 3 PRINCESS WAY 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 3 PRINCESS WAY 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 31 JUL	£265,000	£388,321	32% below HPI
1999 30 NOV	£92,500	£117,955	22% below HPI

3 PRINCESS WAY 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 3 PRINCESS WAY sales from November 1999 and July 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 November 1999 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2020 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 3 PRINCESS WAY?

3 PRINCESS WAY is 68m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 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 3 PRINCESS WAY lies on this distribution: 10% of detached houses are smaller than 3 PRINCESS WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

3 PRINCESS WAY: Plot and Title Map

3 PRINCESS WAY sits on a plot of roughly 0.105 of an acre, or 427m². The below map shows the location of 3 PRINCESS WAY, 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 PRINCESS WAY). 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 PRINCESS WAY?

3 PRINCESS WAY is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 3 on PRINCESS WAY.