FARLEY HOUSE, 1, BRAZILIAN TERRACE, NEWMARKET, CB8 0JU - £245,000

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

FARLEY HOUSE is a very small detached house of 65m², built sometime between 1900 and 1929. It was last sold for £245,000 in December 2017, which was around 35% below the average December 2017 detached price in the West Suffolk local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was B.

FARLEY HOUSE Sold Prices

Land registry data shows four sales for FARLEY HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the four FARLEY HOUSE 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
2017 15 DEC	£245,000	£374,397	35% below HPI
2013 12 JUL	£195,000	£269,824	28% below HPI
2007 14 SEP	£220,000	£277,698	21% below HPI
2004 13 SEP	£187,000	£238,937	22% below HPI

FARLEY HOUSE 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 four FARLEY HOUSE sales between September 2004 and December 2017 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 July 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2017 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is FARLEY HOUSE?

FARLEY HOUSE is 65m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 10% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where FARLEY HOUSE lies on this distribution: 8% of detached houses are smaller than FARLEY HOUSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

FARLEY HOUSE: Plot and Title Map

FARLEY HOUSE sits on a plot of roughly 0.024 of an acre, or 97m². The below map shows the location of FARLEY 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 FARLEY 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 FARLEY HOUSE?

FARLEY HOUSE is located on BRAZILIAN TERRACE in NEWMARKET, in the CB8 postcode district. The below map shows the position of FARLEY HOUSE on BRAZILIAN TERRACE.