32, WATER LANE, OAKINGTON, CAMBRIDGE, CB24 3AL - £347,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

32 WATER LANE is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £397,518. It was last sold for £347,000 in August 2018, which was around 37% below the average August 2018 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

32 WATER LANE Sold Prices

Land registry data shows three sales for 32 WATER LANE 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 32 WATER LANE 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
2018 1 AUG	£347,000	£553,883	37% below HPI
2007 25 SEP	£240,000	£369,541	35% below HPI
2003 27 JUN	£142,000	£270,231	47% below HPI

32 WATER LANE 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 32 WATER LANE sales between June 2003 and August 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 September 2007 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 32 WATER LANE be worth now?

32 WATER LANE might now be worth an estimated £397,518.

This is based on house price inflation of 14.6%, between August 2018 and February 2025, for detached houses, in the South Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.6% inflationary increase is applied to the most recent sale price for 32 WATER LANE of £347,000 on 1st August 2018. For the value to have increased from £347,000 to £397,518 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 32 WATER LANE has moved in line with the HPI for detached houses in the South Cambridgeshire local authority area.
• The August 2018 sale price of £347,000 represented a fair market value for the property.
• The size, condition, and specification of 32 WATER LANE has not materially changed since August 2018.

How Large is 32 WATER LANE?

32 WATER LANE is 70m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 20% of detached houses houses in Oakington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakington, and where 32 WATER LANE lies on this distribution: 12% of detached houses houses are smaller than 32 WATER LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Oakington.

32 WATER LANE: Plot and Title Map

32 WATER LANE sits on a plot of roughly 0.129 of an acre, or 523m². The below map shows the location of 32 WATER LANE, 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 32 WATER LANE). 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 32 WATER LANE?

32 WATER LANE is located in OAKINGTON, in the CB24 postcode district. The below map shows the position of No. 32 on WATER LANE.