7, SCHOOL LANE, MEPAL, ELY, CB6 2AJ - £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

7 SCHOOL LANE is a large detached house of 141m². It was last sold for £450,000 in November 2022, which was about the average November 2022 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

7 SCHOOL LANE Sold Prices

Land registry data shows three sales for 7 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. The three 7 SCHOOL LANE sales were a mix of roughly equal to the average price, and 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
2022 21 NOV	£450,000	£450,776	Close to HPI
2019 20 NOV	£375,000	£384,344	2% below HPI
2018 19 DEC	£350,000	£379,899	8% below HPI

7 SCHOOL 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 three 7 SCHOOL LANE sales between December 2018 and November 2022 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 November 2019 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2022 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 7 SCHOOL LANE?

7 SCHOOL LANE is 141m² according to the EPC inspection conducted in October 2018. This puts it in the largest 20% of detached houses in Mepal, based on EPC data. The below chart shows the distribution of detached houses by size in Mepal, and where 7 SCHOOL LANE lies on this distribution: 79% of detached houses are smaller than 7 SCHOOL LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Mepal.

7 SCHOOL LANE: Plot and Title Map

7 SCHOOL LANE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 7 SCHOOL 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 7 SCHOOL 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 7 SCHOOL LANE?

7 SCHOOL LANE is located in MEPAL, in the CB6 postcode district. The below map shows the position of No. 7 on SCHOOL LANE.