£342,545
This estimated value is based upon the latest sale price for the house of £340,000 on 14 Apr 2023. This value is then adjusted by the current Official House Price Index for CAMBRIDGESHIRE 1
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2 Dukes Court, 54-62 Newmarket Road, Cambridge, CB5 8DZ
Phone: 01223784741
| Price Paid | Date |
|---|---|
| £340,000 | 14 Apr 2023 |
| £257,500 | 9 Jan 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 775 sq feet |
This model uses changes in the Official Land Registry House Price Index for CAMBRIDGESHIRE to estimate the market value.
When this house was purchased in April 2023 the House Price Index for CAMBRIDGESHIRE was 146.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.749%.Applying this 0.749% change to the original purchase price of £340,000 results in an estimated price of approximately £342,545.
| 14 Apr 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 148.0 | 0.749 % | £340,000 | £2,545 | £342,545 |
The Postcode Pricing Model uses changes in average sales price within the CB4 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -15.628 % | £-53,133 | £286,866 |
| 3 Month Average | 7.046 % | £23,957 | £363,957 |
| 6 Month Average | -0.252 % | £-857 | £339,142 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Apr 2023 | £342,546 | £340,000 | 3 CODON COURT UNION LANE |
| 31 Mar 2023 | £280,717 | £279,200 | 4 CODON COURT UNION LANE |
| 28 Mar 2023 | £604,266 | £601,000 | MERE HOUSE, 39 PAKENHAM CLOSE |
| 22 Jul 2022 | £509,097 | £509,785 | 99 UNION LANE |
| 14 Apr 2022 | £425,641 | £415,000 | 10 PAKENHAM CLOSE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 25 Mar 2013. Using an estimated price of £342,546 means this house is valued at £4,757 per sq meter (£441 per sq foot).
The average size of a house on UNION LANE is 78 sq meters (839 sq feet).