ALBION LODGE, FORDHAM ROAD, NEWMARKET, CB8 7AQ - £535,000

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

ALBION LODGE is a large extended detached house of 136m², built sometime between 1967 and 1975. It was last sold for £535,000 in September 2023, which was around 19% above the average September 2023 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was F, and the potential energy rating was C.

ALBION LODGE Sold Prices

Land registry data shows two sales for ALBION LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two ALBION LODGE 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
2023 25 SEP	£535,000	£447,710	19% above HPI
2018 29 MAR	£430,000	£371,992	16% above HPI

ALBION LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The two ALBION LODGE sales from March 2018 and September 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 March 2018 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the September 2023 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is ALBION LODGE?

ALBION LODGE is 136m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 40% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where ALBION LODGE lies on this distribution: 64% of detached houses are smaller than ALBION LODGE, and 36% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

ALBION LODGE: Plot and Title Map

ALBION LODGE sits on a plot of roughly 0.352 of an acre, or 1,423m². The below map shows the location of ALBION LODGE, 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 ALBION LODGE). 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 ALBION LODGE?

ALBION LODGE is located on FORDHAM ROAD in NEWMARKET, in the CB8 postcode district. The below map shows the position of ALBION LODGE on FORDHAM ROAD.