4, REDIT LANE, WICKEN, ELY, CB7 5WU - £353,000

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

4 REDIT LANE is a small extended detached house of 132m², built sometime between 1996 and 2002. It was last sold for £353,000 in June 2021, which was around 11% below the average June 2021 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

4 REDIT LANE Sold Prices

Land registry data shows four sales for 4 REDIT LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. Two of the four 4 REDIT LANE sales were for below the average price, whilst one was for above 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
2021 25 JUN	£353,000	£395,675	11% below HPI
2018 5 MAR	£325,000	£376,870	14% below HPI
2016 28 OCT	£385,000	£361,653	6% above HPI
2002 11 JAN	£154,950	£155,724	Close to HPI

4 REDIT LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The four 4 REDIT LANE sales between January 2002 and June 2021 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 2018 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 4 REDIT LANE?

4 REDIT LANE is 132m², which includes two extensions, according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% of detached houses in Wicken, based on EPC data. The below chart shows the distribution of detached houses by size in Wicken, and where 4 REDIT LANE lies on this distribution: 34% of detached houses are smaller than 4 REDIT LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Wicken.

4 REDIT LANE: Plot and Title Map

4 REDIT LANE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 4 REDIT 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 4 REDIT 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 4 REDIT LANE?

4 REDIT LANE is located in WICKEN, in the CB7 postcode district. The below map shows the position of No. 4 on REDIT LANE.