7, RIGG CLOSE, SOUTH BRINK, WISBECH, PE14 0SS - £154,000

7 RIGG CLOSE is a very small detached house of 67m², built sometime between 1996 and 2002. It was last sold for £154,000 in May 2014, which was around 14% below the average May 2014 detached price in the Fenland local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

7 RIGG CLOSE Sold Prices

Land registry data shows five sales for 7 RIGG CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the five 7 RIGG 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
2014 30 MAY	£154,000	£179,221	14% below HPI
2008 10 APR	£145,000	£190,570	24% below HPI
2007 31 AUG	£153,000	£193,950	21% below HPI
1997 12 SEP	£49,000	£60,475	19% below HPI
1996 16 AUG	£46,950	£55,519	15% below HPI

7 RIGG 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 five 7 RIGG CLOSE sales between August 1996 and May 2014 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 April 2008 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2014 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 7 RIGG CLOSE?

7 RIGG CLOSE is 67m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 20% of detached houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses by size in Wisbech, and where 7 RIGG CLOSE lies on this distribution: 15% of detached houses are smaller than 7 RIGG CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

7 RIGG CLOSE: Plot and Title Map

7 RIGG CLOSE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 7 RIGG 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 7 RIGG 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 7 RIGG CLOSE?

7 RIGG CLOSE is located in SOUTH BRINK, in the PE14 postcode district. The below map shows the position of No. 7 on RIGG CLOSE.