8, CENTRE DRIVE, NEWMARKET, CB8 8AN - £410,000

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

8 CENTRE DRIVE is a small extended detached house of 92m², built sometime between 1930 and 1949. It was last sold for £410,000 in July 2023, which was around 9% below the average July 2023 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

8 CENTRE DRIVE Sold Prices

Land registry data shows five sales for 8 CENTRE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. All of the five 8 CENTRE DRIVE 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
2023 28 JUL	£410,000	£448,697	9% below HPI
2017 22 SEP	£340,000	£377,821	10% below HPI
2015 11 DEC	£255,000	£333,027	23% below HPI
2007 6 DEC	£241,000	£262,950	8% below HPI
1997 4 AUG	£88,500	£90,563	2% below HPI

8 CENTRE DRIVE 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 five 8 CENTRE DRIVE sales between August 1997 and July 2023 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 2017 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2023 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 8 CENTRE DRIVE?

8 CENTRE DRIVE is 92m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 30% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where 8 CENTRE DRIVE lies on this distribution: 29% of detached houses are smaller than 8 CENTRE DRIVE, and 70% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

8 CENTRE DRIVE: Plot and Title Map

8 CENTRE DRIVE sits on a plot of roughly 0.084 of an acre, or 342m². The below map shows the location of 8 CENTRE DRIVE, 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 8 CENTRE DRIVE). 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 8 CENTRE DRIVE?

8 CENTRE DRIVE is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 8 on CENTRE DRIVE.