538, NEWMARKET ROAD, CAMBRIDGE, CB5 8LL - £850,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

538 NEWMARKET ROAD is a very small detached house of 81m², built sometime between 1930 and 1949. It was last sold for £850,000 in September 2021, which was around 4% below the average September 2021 detached price in the Cambridge local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was D.

538 NEWMARKET ROAD Sold Prices

Land registry data shows two sales for 538 NEWMARKET ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cambridge local authority area for the corresponding sale date. Both of the two 538 NEWMARKET ROAD 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 29 SEP	£850,000	£881,224	4% below HPI
2014 18 MAR	£207,000	£629,192	67% below HPI

538 NEWMARKET ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cambridge local authority area over time, sourced from the HPI. The two 538 NEWMARKET ROAD sales from March 2014 and September 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 2014 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the September 2021 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 538 NEWMARKET ROAD?

538 NEWMARKET ROAD is 81m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% of detached houses in Cambridge, based on EPC data. The below chart shows the distribution of detached houses by size in Cambridge, and where 538 NEWMARKET ROAD lies on this distribution: 10% of detached houses are smaller than 538 NEWMARKET ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Cambridge.

538 NEWMARKET ROAD: Plot and Title Map

538 NEWMARKET ROAD sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 538 NEWMARKET ROAD, 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 538 NEWMARKET ROAD). 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 538 NEWMARKET ROAD?

538 NEWMARKET ROAD is located in CAMBRIDGE, in the CB5 postcode district. The below map shows the position of No. 538 on NEWMARKET ROAD.