7, WOOD LANE, STRETHAM, ELY, CB6 3JN - £305,000

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 WOOD LANE is a very small detached house of 79m², built sometime between 1983 and 1990. It was last sold for £305,000 in November 2021, which was around 27% below the average November 2021 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was B.

7 WOOD LANE Sold Prices

Land registry data shows two sales for 7 WOOD 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 7 WOOD LANE 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 12 NOV	£305,000	£417,103	27% below HPI
2016 22 MAR	£292,500	£347,890	16% below HPI

7 WOOD 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 7 WOOD LANE sales from March 2016 and November 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 2016 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 7 WOOD LANE?

7 WOOD LANE is 79m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of detached houses in Stretham, based on EPC data. The below chart shows the distribution of detached houses by size in Stretham, and where 7 WOOD LANE lies on this distribution: 12% of detached houses are smaller than 7 WOOD LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Stretham.

7 WOOD LANE: Plot and Title Map

7 WOOD LANE sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of 7 WOOD 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 WOOD 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 WOOD LANE?

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