40, DRINKWATER CLOSE, NEWMARKET, CB8 0QN - £545,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

40 DRINKWATER CLOSE is a very large extended detached house of 204m², built sometime between 1983 and 1990. It was last sold for £545,000 in May 2023, which was around 24% above the average May 2023 detached price in the West Suffolk local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

40 DRINKWATER CLOSE Sold Prices

Land registry data shows three sales for 40 DRINKWATER CLOSE 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 40 DRINKWATER CLOSE 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
2023 12 MAY	£545,000	£441,139	24% above HPI
2016 30 JUN	£425,000	£336,328	26% above HPI
2006 24 FEB	£265,000	£238,488	11% above HPI

40 DRINKWATER CLOSE 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 40 DRINKWATER CLOSE sales between February 2006 and May 2023 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 June 2016 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2023 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 40 DRINKWATER CLOSE?

40 DRINKWATER CLOSE is 204m², which includes four extensions, according to the EPC inspection conducted in March 2016. This puts it in the largest 20% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where 40 DRINKWATER CLOSE lies on this distribution: 86% of detached houses are smaller than 40 DRINKWATER CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

40 DRINKWATER CLOSE: Plot and Title Map

40 DRINKWATER CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 40 DRINKWATER CLOSE, 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 DRINKWATER CLOSE). 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 DRINKWATER CLOSE?

40 DRINKWATER CLOSE is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 40 on DRINKWATER CLOSE.