53, SPRINGHEAD LANE, ELY, CB7 4QY - £480,000

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

53 SPRINGHEAD LANE is a midsized extended detached house of 110m², built sometime between 1950 and 1966. It was last sold for £480,000 in March 2017, which was around 30% above the average March 2017 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

53 SPRINGHEAD LANE Sold Prices

Land registry data shows two sales for 53 SPRINGHEAD LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. Both of the two 53 SPRINGHEAD LANE 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
2017 28 MAR	£480,000	£368,623	30% above HPI
2004 26 AUG	£225,000	£215,000	5% above HPI

53 SPRINGHEAD 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 two 53 SPRINGHEAD LANE sales from August 2004 and March 2017 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 August 2004 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2017 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 53 SPRINGHEAD LANE?

53 SPRINGHEAD LANE is 110m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 50% of detached houses in Ely, based on EPC data. The below chart shows the distribution of detached houses by size in Ely, and where 53 SPRINGHEAD LANE lies on this distribution: 41% of detached houses are smaller than 53 SPRINGHEAD LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Ely.

53 SPRINGHEAD LANE: Plot and Title Map

53 SPRINGHEAD LANE sits on a plot of roughly 0.168 of an acre, or 678m². The below map shows the location of 53 SPRINGHEAD 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 53 SPRINGHEAD 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 53 SPRINGHEAD LANE?

53 SPRINGHEAD LANE is located in ELY, in the CB7 postcode district. The below map shows the position of No. 53 on SPRINGHEAD LANE.