ELY HOUSE, REDMAN CLOSE, ELY, CB7 4RY - £885,000

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.

ELY HOUSE is a very large extended detached house of 329m², built sometime between 1930 and 1949, which could now be worth an estimated £1,350,334. It was last sold for £885,000 in July 2015, which was around 172% above the average July 2015 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

ELY HOUSE Sold Prices

Land registry data shows three sales for ELY HOUSE 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 ELY HOUSE 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
2015 17 JUL	£885,000	£325,842	172% above HPI
2010 27 JAN	£353,333	£245,462	44% above HPI
2006 23 JAN	£460,000	£232,958	97% above HPI

ELY HOUSE 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 ELY HOUSE sales between January 2006 and July 2015 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 January 2010 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the July 2015 sale, where it rises to 172% above the HPI. The line then continues to track at 172% above the HPI.

What might ELY HOUSE be worth now?

ELY HOUSE might now be worth an estimated £1,350,334.

This is based on house price inflation of 52.6%, between July 2015 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 52.6% inflationary increase is applied to the most recent sale price for ELY HOUSE of £885,000 on 17th July 2015. For the value to have increased from £885,000 to £1,350,334 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of ELY HOUSE has moved in line with the HPI for detached houses in the East Cambridgeshire local authority area.
• The July 2015 sale price of £885,000 represented a fair market value for the property.
• The size, condition, and specification of ELY HOUSE has not materially changed since July 2015.

How Large is ELY HOUSE?

ELY HOUSE is 329m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 10% 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 ELY HOUSE lies on this distribution: More than 99% of detached houses houses are smaller than ELY HOUSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Ely.

ELY HOUSE: Plot and Title Map

ELY HOUSE sits on a plot of roughly 0.252 of an acre, or 1,018m². The below map shows the location of ELY HOUSE, 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 ELY HOUSE). 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 ELY HOUSE?

ELY HOUSE is located on REDMAN CLOSE in ELY, in the CB7 postcode district. The below map shows the position of ELY HOUSE on REDMAN CLOSE.