38, LEADERS WAY, NEWMARKET, CB8 0DP - £260,000

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

38 LEADERS WAY is a very small detached house of 59m², built sometime between 1967 and 1975. It was last sold for £260,000 in August 2019, which was around 33% below the average August 2019 detached price in the West Suffolk local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

38 LEADERS WAY Sold Prices

Land registry data shows three sales for 38 LEADERS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the three 38 LEADERS 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
2019 30 AUG	£260,000	£386,613	33% below HPI
1998 9 MAR	£29,500	£91,317	68% below HPI
1996 23 OCT	£58,000	£84,871	32% below HPI

38 LEADERS 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 three 38 LEADERS WAY sales between October 1996 and August 2019 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 March 1998 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the August 2019 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 38 LEADERS WAY?

38 LEADERS WAY is 59m² according to the EPC inspection conducted in November 2018. 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 38 LEADERS WAY lies on this distribution: 3% of detached houses are smaller than 38 LEADERS WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

38 LEADERS WAY: Plot and Title Map

38 LEADERS WAY sits on a plot of roughly 0.093 of an acre, or 374m². The below map shows the location of 38 LEADERS 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 38 LEADERS 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 38 LEADERS WAY?

38 LEADERS WAY is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 38 on LEADERS WAY.