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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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According to the public record, 5, Erasmus Close, Cambridge is a modern leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Erasmus Close, Cambridge is £219,663 and the estimated rental value is £1,092 per month.
Erasmus Close, Cambridge, CB4 is located in the borough of Cambridge within the CB4 postal district.
5, Erasmus Close, Cambridge has a single entry in the Land Registry from March 2023 and a single entry in the EPC database dated October 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 5, Erasmus Close, Cambridge is in very good condition we estimate a sale value of £230,647 and a rental value of £1,147 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £204,287 and a rental value of £1,016 per month.
Over the last 12 months the sale value of 5 Erasmus Close Cambridge has decreased by an estimated £2,650 (1.2%) and its rental value has increased by an estimated £34 per month (3.1%), giving an expected gross yield of 6%.
5, Erasmus Close, Cambridge has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Oct 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 5, Erasmus Close, Cambridge was last sold on 27th March 2023 for £220,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2023, the market for similar properties has dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Erasmus Close, Cambridge within a radius of 500 metres over the last 2 years.
The most recent example is 16, Harvey Goodwin Gardens, Cambridge, CB4 3EZ, a leasehold flat which sold for £222,500 on the 20th October 2023.
Read more about house prices in CB4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Erasmus Close, Cambridge, CB4 has a total of 17 addresses. According to our analysis of all the public data, 5, Erasmus Close, Cambridge is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £229k less expensive than the average property in CB4.
The closest station to 5, Erasmus Close, Cambridge is Cambridge North station which is 2.8 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Erasmus Close, Cambridge, 36.6% of property is socially rented and 20.6% 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 5, Erasmus Close, Cambridge, 23.2% of residents are recorded as possessing school level qualifications and 41.1% 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 5, Erasmus Close, Cambridge, the average age was 37.6 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 5, Erasmus Close, Cambridge, 0.0% 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 5, Erasmus Close, Cambridge, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
