7, WRENS CLOSE, ELY, CB6 3EQ - £340,000

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.

7 WRENS CLOSE is a very small extended detached house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £407,470. It was last sold for £340,000 in November 2020, which was around 18% below the average November 2020 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

7 WRENS CLOSE Sold Prices

Land registry data shows three sales for 7 WRENS CLOSE 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. All of the three 7 WRENS CLOSE 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 27 NOV	£340,000	£414,847	18% below HPI
2013 5 SEP	£227,500	£280,564	19% below HPI
1998 27 OCT	£87,000	£101,958	15% below HPI

7 WRENS CLOSE 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 WRENS CLOSE sales between October 1998 and November 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 September 2013 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 7 WRENS CLOSE be worth now?

7 WRENS CLOSE might now be worth an estimated £407,470.

This is based on house price inflation of 19.8%, between November 2020 and February 2025, for detached houses, in the East Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.8% inflationary increase is applied to the most recent sale price for 7 WRENS CLOSE of £340,000 on 27th November 2020. For the value to have increased from £340,000 to £407,470 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 WRENS CLOSE has moved in line with the HPI for detached houses in the East Cambridgeshire local authority area.
• The November 2020 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WRENS CLOSE has not materially changed since November 2020.

How Large is 7 WRENS CLOSE?

7 WRENS CLOSE is 89m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 20% of detached houses houses in Ely, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ely, and where 7 WRENS CLOSE lies on this distribution: 19% of detached houses houses are smaller than 7 WRENS CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Ely.

7 WRENS CLOSE: Plot and Title Map

7 WRENS CLOSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 7 WRENS CLOSE, 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 WRENS CLOSE). 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 WRENS CLOSE?

7 WRENS CLOSE is located in ELY, in the CB6 postcode district. The below map shows the position of No. 7 on WRENS CLOSE.