38, MINERVA WAY, CAMBRIDGE, CB4 2UA - £275,000

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 MINERVA WAY is a very small extended detached house of 89m², built sometime between 1983 and 1990. It was last sold for £275,000 in February 2015, which was around 37% below the average February 2015 detached price in the South Cambridgeshire local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

38 MINERVA WAY Sold Prices

Land registry data shows two sales for 38 MINERVA 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 South Cambridgeshire local authority area for the corresponding sale date. Both of the two 38 MINERVA 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
2015 6 FEB	£275,000	£439,064	37% below HPI
2003 31 JUL	£38,533	£263,732	85% below HPI

38 MINERVA WAY 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 two 38 MINERVA WAY sales from July 2003 and February 2015 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 2003 sale was for 85% below the HPI. So the extrapolation line tracks at 85% below the HPI over time, until the February 2015 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 38 MINERVA WAY?

38 MINERVA WAY is 89m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses in Cambridge, based on EPC data. The below chart shows the distribution of detached houses by size in Cambridge, and where 38 MINERVA WAY lies on this distribution: 15% of detached houses are smaller than 38 MINERVA WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Cambridge.

38 MINERVA WAY: Plot and Title Map

38 MINERVA WAY sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 38 MINERVA 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 MINERVA 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 MINERVA WAY?

38 MINERVA WAY is located in CAMBRIDGE, in the CB4 postcode district. The below map shows the position of No. 38 on MINERVA WAY.