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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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38, Edinburgh Road, Newmarket is recorded publicly as a mid-century freehold house across 1,689 ft2 of internal area, sitting on a 557 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 38, Edinburgh Road, Newmarket is £464,637 and its rental estimate is £1,799 per month, given the available information and assuming reasonable condition.
Edinburgh Road, Newmarket, CB8 falls within the CB8 postal district, in the borough of West Suffolk.
38, Edinburgh Road, Newmarket has 2 entries in the Land Registry , most recently in January 2021 and a single entry in the EPC database dated November 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 38, Edinburgh Road, Newmarket, we estimate a market value of £487,869 and a rental value of £1,889 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £432,112 and £1,673 per month respectively.
Over the last year, 38, Edinburgh Road, Newmarket has seen its estimated sale value drop by £15,145 (3.3%) and its estimated rental value rise by £41 per month (2.3%). This results in an estimated gross rental yield of 4.6%.
HM Land Registry records the plot of land for 38, Edinburgh Road, Newmarket as measuring 557 m2.
That makes it the 12th largest plot in the postcode, where 23 of the 24 other houses have recorded plot data.
38, Edinburgh Road, Newmarket has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Nov 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 38, Edinburgh Road, Newmarket completed on 22nd January 2021 at £420,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 12.6% over the period since January 2021.
Over the past 2 years 3 properties similar to 38, Edinburgh Road, Newmarket have sold within a radius of 720 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st June 2022, was 28, Drinkwater Close, Newmarket, CB8 0QN, a freehold house which sold for £420,000.
Read more about house prices in CB8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 87 addresses on Edinburgh Road, Newmarket, CB8, 38, Edinburgh Road, Newmarket comes out as the 5th largest and the 8th most expensive in our analysis of the public data.
It is also £110k more expensive than the average property across the CB8 district.
From 38, Edinburgh Road, Newmarket, the nearest station is Newmarket, 1.6 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 38, Edinburgh Road, Newmarket, 49.3% of property is privately owned outright and 37.0% is privately owned with a mortgage.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 38, Edinburgh Road, Newmarket, 15.8% of residents are recorded as possessing school level qualifications and 28.6% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 38, Edinburgh Road, Newmarket, the average age was 41.3 and the most common age was 27.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 38, Edinburgh Road, Newmarket, 1.3% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 38, Edinburgh Road, Newmarket, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
