Flat 9, 7
Flat 9, 7
Description & Estimates
According to the public record, Flat 9, 7, Park Lane, Newmarket is a modern apartment with 409 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 Flat 9, 7, Park Lane, Newmarket is £115,164 and the estimated rental value is £724 per month.
The apartment is within 7, Park Lane, Newmarket, CB8.
Park Lane, Newmarket, CB8 is located in the borough of West Suffolk within the CB8 postal district.
Our Data Sources
Flat 9, 7, Park Lane, Newmarket has no records in the the Land Registry and a single entry in the EPC database dated July 2024.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
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 Flat 9, 7, Park Lane, Newmarket is in very good condition we estimate a sale value of £120,922 and a rental value of £761 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £107,102 and a rental value of £674 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 9, 7, Park Lane, Newmarket has dropped by £227 (0.2%), while its estimated rental value has risen by £33 per month (4.5%). Based on current estimates, the property offers a gross rental yield of 7.5%.
Energy Efficiency
Flat 9, 7, Park Lane, Newmarket has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Jul 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 9, 7, Park Lane, Newmarket within a radius of 530 metres over the last 2 years.
The most recent example is 52, Armstrong Close, Newmarket, CB8 8HD, a leasehold flat which sold for £110,000 on the 13th September 2024.
Read more about house prices in CB8.
- Sold Sep 2024£110,000 | 1 Bed FlatArmstrong Close52, Armstrong Close, Newmarket, CB8 8HD
- Sold Apr 2024£585,000 | 1 Bed Flat145, All Saints RoadFlat 1, 145, All Saints Road, Newmarket, CB8 8HH
- Sold Feb 2024£770,000 | 1 Bed FlatMarket House, High StreetFlat 1, Market House, High Street, Newmarket, CB8 8LB
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Park Lane, Newmarket, CB8 has a total of 130 addresses. According to our analysis of all the public data, Flat 9, 7, Park Lane, Newmarket is the 119th largest and the 119th most expensive property on the street.
When compared to the postcode district it is £239k less expensive than the average property in CB8.
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Schools Nearby
- 300mAll Saints Church of England Primary School, Newmarket
- 600mDitton Lodge Primary School
- 800mSt Louis Catholic Academy
- 1.2kmNewmarket Academy
- 10.6kmBottisham Village College
- 10.8kmSoham Village College
More reading links
Public Transport Nearby
The closest station to Flat 9, 7, Park Lane, Newmarket is Newmarket station, which is 500 metres away.
- 500mNewmarket
- 5.3kmDullingham
- 6.8kmKennett
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
