588, NEWMARKET ROAD, CAMBRIDGE, CB5 8LP - £450,000

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

588 NEWMARKET ROAD is a very large extended detached house of 208m², built sometime between 1930 and 1949. It was last sold for £450,000 in June 2010, which was around 10% below the average June 2010 detached price in the Cambridge local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

588 NEWMARKET ROAD Sold Prices

Land registry data shows two sales for 588 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. One of the two 588 NEWMARKET ROAD sales was for below the average price, whilst the other was 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
2010 25 JUN	£450,000	£499,261	10% below HPI
1999 8 MAR	£216,500	£205,119	6% above HPI

588 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 588 NEWMARKET ROAD sales from March 1999 and June 2010 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 1999 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2010 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 588 NEWMARKET ROAD?

588 NEWMARKET ROAD is 208m², which includes three extensions, according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses in Cambridge, based on EPC data. The below chart shows the distribution of detached houses by size in Cambridge, and where 588 NEWMARKET ROAD lies on this distribution: 84% of detached houses are smaller than 588 NEWMARKET ROAD, and 16% of houses are larger. Note that EPC data is not available for all properties in Cambridge.

588 NEWMARKET ROAD: Plot and Title Map

588 NEWMARKET ROAD sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 588 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 588 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 588 NEWMARKET ROAD?

588 NEWMARKET ROAD is located in CAMBRIDGE, in the CB5 postcode district. The below map shows the position of No. 588 on NEWMARKET ROAD.