RICHMOND, PRINCE STREET, WISBECH, PE13 2AY - £178,000

RICHMOND is a very small detached house of 65m², built sometime between 1930 and 1949. It was last sold for £178,000 in March 2022, which was around 41% below the average March 2022 detached price in the Fenland local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

RICHMOND Sold Prices

Land registry data shows three sales for RICHMOND 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 RICHMOND 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
2022 25 MAR	£178,000	£302,026	41% below HPI
2021 13 MAY	£116,000	£265,430	56% below HPI
1999 14 JUN	£31,000	£69,987	56% below HPI

RICHMOND 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 RICHMOND sales between June 1999 and March 2022 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 May 2021 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the March 2022 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is RICHMOND?

RICHMOND is 65m² according to the EPC inspection conducted in November 2018. 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 RICHMOND lies on this distribution: 14% of detached houses are smaller than RICHMOND, and 85% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

RICHMOND: Plot and Title Map

RICHMOND sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of RICHMOND, 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 RICHMOND). 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 RICHMOND?

RICHMOND is located on PRINCE STREET in WISBECH, in the PE13 postcode district. The below map shows the position of RICHMOND on PRINCE STREET.