8, SPRINGHEAD LANE, ELY, CB7 4QY - £480,000

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 SPRINGHEAD LANE is a small extended detached house of 90m², built sometime between 1950 and 1966. It was last sold for £480,000 in February 2019, which was around 28% above the average February 2019 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

8 SPRINGHEAD LANE Sold Prices

Land registry data shows four sales for 8 SPRINGHEAD LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. Most of the four 8 SPRINGHEAD LANE sales were 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
2019 28 FEB	£480,000	£374,885	28% above HPI
2007 9 FEB	£260,000	£249,515	4% above HPI
1998 31 JUL	£120,000	£99,915	20% above HPI
1997 31 OCT	£60,000	£91,749	35% below HPI

8 SPRINGHEAD 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 four 8 SPRINGHEAD LANE sales between October 1997 and February 2019 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 February 2007 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2019 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 8 SPRINGHEAD LANE?

8 SPRINGHEAD LANE is 90m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the smallest 30% of detached houses in Ely, based on EPC data. The below chart shows the distribution of detached houses by size in Ely, and where 8 SPRINGHEAD LANE lies on this distribution: 21% of detached houses are smaller than 8 SPRINGHEAD LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in Ely.

8 SPRINGHEAD LANE: Plot and Title Map

8 SPRINGHEAD LANE sits on a plot of roughly 0.251 of an acre, or 1,016m². The below map shows the location of 8 SPRINGHEAD 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 8 SPRINGHEAD 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 8 SPRINGHEAD LANE?

8 SPRINGHEAD LANE is located in ELY, in the CB7 postcode district. The below map shows the position of No. 8 on SPRINGHEAD LANE.