2, RICHARDS CLOSE, MARCH, PE15 8UH - £212,500

2 RICHARDS CLOSE is a small extended detached house of 83m², built sometime between 1991 and 1995. It was last sold for £212,500 in August 2019, which was around 14% below the average August 2019 detached price in the Fenland local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

2 RICHARDS CLOSE Sold Prices

Land registry data shows three sales for 2 RICHARDS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the three 2 RICHARDS CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 9 AUG	£212,500	£248,467	14% below HPI
2005 4 AUG	£170,000	£180,015	6% below HPI
2001 19 JAN	£52,500	£88,505	41% below HPI

2 RICHARDS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fenland local authority area over time, sourced from the HPI. The three 2 RICHARDS CLOSE sales between January 2001 and August 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2005 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2019 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 2 RICHARDS CLOSE?

2 RICHARDS CLOSE is 83m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 40% of detached houses in March, based on EPC data. The below chart shows the distribution of detached houses by size in March, and where 2 RICHARDS CLOSE lies on this distribution: 32% of detached houses are smaller than 2 RICHARDS CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in March.

2 RICHARDS CLOSE: Plot and Title Map

2 RICHARDS CLOSE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 2 RICHARDS CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 RICHARDS CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 RICHARDS CLOSE?

2 RICHARDS CLOSE is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 2 on RICHARDS CLOSE.