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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 REDIT LANE is a small extended detached house of 132m², built sometime between 1996 and 2002, which could now be worth an estimated £420,423. It was last sold for £353,000 in June 2021, which was around 14% 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. Most of the four 4 REDIT 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
2021 25 JUN	£353,000	£410,828	14% below HPI
2018 5 MAR	£325,000	£391,302	17% below HPI
2016 28 OCT	£385,000	£375,503	3% above HPI
2002 11 JAN	£154,950	£161,688	4% below 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 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 4 REDIT LANE be worth now?

4 REDIT LANE might now be worth an estimated £420,423.

This is based on house price inflation of 19.1%, between June 2021 and December 2024, for detached houses, in the East Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.1% inflationary increase is applied to the most recent sale price for 4 REDIT LANE of £353,000 on 25th June 2021. For the value to have increased from £353,000 to £420,423 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 4 REDIT LANE has moved in line with the HPI for detached houses in the East Cambridgeshire local authority area.
• The June 2021 sale price of £353,000 represented a fair market value for the property.
• The size, condition, and specification of 4 REDIT LANE has not materially changed since June 2021.

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 houses in Wicken, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wicken, and where 4 REDIT LANE lies on this distribution: 33% of detached houses houses are smaller than 4 REDIT LANE, and 67% 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.