40, CHELMER WAY, ELY, CB6 2WS - £360,000

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.

40 CHELMER WAY is a large detached house of 137m², built sometime between 2003 and 2006, which could now be worth an estimated £571,595. It was last sold for £360,000 in November 2014, which was around 15% above the average November 2014 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

40 CHELMER WAY Sold Prices

Land registry data shows three sales for 40 CHELMER 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 East Cambridgeshire local authority area for the corresponding sale date. All of the three 40 CHELMER WAY sales were 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
2014 21 NOV	£360,000	£313,126	15% above HPI
2006 13 JUL	£299,000	£238,319	25% above HPI
2005 29 APR	£281,000	£228,269	23% above HPI

40 CHELMER WAY 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 three 40 CHELMER WAY sales between April 2005 and November 2014 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 2006 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2014 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 40 CHELMER WAY be worth now?

40 CHELMER WAY might now be worth an estimated £571,595.

This is based on house price inflation of 58.8%, between November 2014 and February 2025, 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 58.8% inflationary increase is applied to the most recent sale price for 40 CHELMER WAY of £360,000 on 21st November 2014. For the value to have increased from £360,000 to £571,595 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 40 CHELMER WAY has moved in line with the HPI for detached houses in the East Cambridgeshire local authority area.
• The November 2014 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 40 CHELMER WAY has not materially changed since November 2014.

How Large is 40 CHELMER WAY?

40 CHELMER WAY is 137m² according to the EPC inspection conducted in March 2009. This puts it in the largest 30% of detached houses houses in Ely, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ely, and where 40 CHELMER WAY lies on this distribution: 70% of detached houses houses are smaller than 40 CHELMER WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Ely.

40 CHELMER WAY: Plot and Title Map

40 CHELMER WAY sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 40 CHELMER 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 40 CHELMER 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 40 CHELMER WAY?

40 CHELMER WAY is located in ELY, in the CB6 postcode district. The below map shows the position of No. 40 on CHELMER WAY.