581A, NEWMARKET ROAD, CAMBRIDGE, CB5 8PA - £430,000

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.

581A NEWMARKET ROAD is a midsized detached house of 118m², built sometime between 1976 and 1982, which could now be worth an estimated £483,240. It was last sold for £430,000 in June 2020, which was around 53% below the average June 2020 detached price in the Cambridge local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

581A NEWMARKET ROAD Sold Prices

Land registry data shows two sales for 581A 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 581A 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
2020 19 JUN	£430,000	£912,945	53% below HPI
1999 4 JUN	£120,000	£223,792	46% below HPI

581A 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 581A NEWMARKET ROAD sales from June 1999 and June 2020 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 1999 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the June 2020 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 581A NEWMARKET ROAD be worth now?

581A NEWMARKET ROAD might now be worth an estimated £483,240.

This is based on house price inflation of 12.4%, between June 2020 and February 2025, for detached houses, in the Cambridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.4% inflationary increase is applied to the most recent sale price for 581A NEWMARKET ROAD of £430,000 on 19th June 2020. For the value to have increased from £430,000 to £483,240 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 581A NEWMARKET ROAD has moved in line with the HPI for detached houses in the Cambridge local authority area.
• The June 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 581A NEWMARKET ROAD has not materially changed since June 2020.

How Large is 581A NEWMARKET ROAD?

581A NEWMARKET ROAD is 118m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 50% of detached houses houses in Cambridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cambridge, and where 581A NEWMARKET ROAD lies on this distribution: 41% of detached houses houses are smaller than 581A NEWMARKET ROAD, and 59% of houses are larger. Note that EPC data is not available for all properties in Cambridge.

581A NEWMARKET ROAD: Plot and Title Map

581A NEWMARKET ROAD sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 581A 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 581A 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 581A NEWMARKET ROAD?

581A NEWMARKET ROAD is located in CAMBRIDGE, in the CB5 postcode district. The below map shows the position of No. 581A on NEWMARKET ROAD.