5 Oakfields, Newmarket
5 Oakfields, Newmarket
Description & Estimates
5 Oakfields, Newmarket is recorded publicly as a modern freehold house across 1,485 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 5 Oakfields, Newmarket is £462,260 and its rental estimate is £1,787 per month, given the available information and assuming reasonable condition.
Vicarage Road, Newmarket, CB8 falls within the CB8 postal district, in the borough of West Suffolk.
Our Data Sources
5 Oakfields, Newmarket has a single entry in the Land Registry from June 2024 and a single entry in the EPC database dated October 2022.
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.
Price Range & Condition
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 5 Oakfields, Newmarket, we estimate a market value of £485,373 and a rental value of £1,877 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £429,902 and £1,662 per month respectively.
Recent Market Change
Over the last year, 5 Oakfields, Newmarket has seen its estimated sale value decrease by £15,067 (3.3%) and its estimated rental value grow by £41 per month (2.3%). This results in an estimated gross rental yield of 4.6%.
Energy Efficiency
5 Oakfields, Newmarket has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Oct 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 5 Oakfields, Newmarket completed on 14th June 2024 at £455,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 24.2% over the period since June 2024.
- Sold Jun 2024£455,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5 Oakfields, Newmarket have sold within a radius of 610 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th September 2024, was 1, Heathcote Place, Newmarket, CB8 8GB, a freehold house which sold for £490,000.
Read more about house prices in CB8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 21 addresses on Vicarage Road, Newmarket, CB8, 5 Oakfields, Newmarket comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £108k more expensive than the average property across the CB8 district.
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Schools Nearby
- 100mAll Saints Church of England Primary School, Newmarket
- 700mSt Louis Catholic Academy
- 800mDitton Lodge Primary School
- 1.3kmNewmarket Academy
- 10.8kmSoham Village College
- 10.9kmBottisham Village College
More reading links
Public Transport Nearby
From 5 Oakfields, Newmarket, the nearest station is Newmarket, 800 metres away.
- 800mNewmarket
- 5.6kmDullingham
- 6.5kmKennett
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
