TERRA NOVA, CENTRE DRIVE, NEWMARKET, CB8 8AN - £250,000

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

TERRA NOVA is a very small detached house of 81m², built sometime between 1950 and 1966. It was last sold for £250,000 in January 2007, which was around 3% above the average January 2007 detached price in the East Cambridgeshire local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

TERRA NOVA Sold Prices

Land registry data shows two sales for TERRA NOVA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Cambridgeshire local authority area for the corresponding sale date. One of the two TERRA NOVA sales was for above the average price, whilst the other was 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
2007 16 JAN	£250,000	£243,207	3% above HPI
1999 12 MAR	£75,000	£101,274	26% below HPI

TERRA NOVA 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 two TERRA NOVA sales from March 1999 and January 2007 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 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the January 2007 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is TERRA NOVA?

TERRA NOVA is 81m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% of detached houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Newmarket, and where TERRA NOVA lies on this distribution: 19% of detached houses are smaller than TERRA NOVA, and 80% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

TERRA NOVA: Plot and Title Map

TERRA NOVA sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of TERRA NOVA, 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 TERRA NOVA). 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 TERRA NOVA?

TERRA NOVA is located on CENTRE DRIVE in NEWMARKET, in the CB8 postcode district. The below map shows the position of TERRA NOVA on CENTRE DRIVE.