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

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

ELY HOUSE is a very large extended detached house of 329m², built sometime between 1930 and 1949. It was last sold for £885,000 in July 2015, which was around 182% 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	£313,825	182% above HPI
2010 27 JAN	£353,333	£236,409	49% above HPI
2006 23 JAN	£460,000	£224,366	105% 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 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the July 2015 sale, where it rises to 182% above the HPI. The line then continues to track at 182% above the HPI.

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 in Ely, based on EPC data. The below chart shows the distribution of detached houses by size in Ely, and where ELY HOUSE lies on this distribution: More than 99% of detached 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.