5, DRINKWATER CLOSE, NEWMARKET, CB8 0QN - £296,000

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

5 DRINKWATER CLOSE is a small detached house of 82m², built sometime between 1983 and 1990. It was last sold for £296,000 in July 2019, which was around 23% below the average July 2019 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

5 DRINKWATER CLOSE Sold Prices

Land registry data shows two sales for 5 DRINKWATER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 5 DRINKWATER CLOSE 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
2019 26 JUL	£296,000	£383,116	23% below HPI
2014 2 MAY	£182,500	£285,285	36% below HPI

5 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 two 5 DRINKWATER CLOSE sales from May 2014 and July 2019 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 May 2014 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 5 DRINKWATER CLOSE?

5 DRINKWATER CLOSE is 82m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 30% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where 5 DRINKWATER CLOSE lies on this distribution: 20% of detached houses are smaller than 5 DRINKWATER CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

5 DRINKWATER CLOSE: Plot and Title Map

5 DRINKWATER CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 5 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 5 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 5 DRINKWATER CLOSE?

5 DRINKWATER CLOSE is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 5 on DRINKWATER CLOSE.