THE BARN, MILL HILL LANE, MARCH, PE15 9QB - £450,000

THE BARN is a very large detached house of 200m², built sometime between 1996 and 2002. It was last sold for £450,000 in March 2021, which was around 71% above the average March 2021 detached price in the Fenland local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

THE BARN Sold Prices

Land registry data shows two sales for THE BARN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. One of the two THE BARN sales was for above the average price, whilst the other was 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
2021 31 MAR	£450,000	£263,787	71% above HPI
1998 28 JUL	£35,000	£67,826	48% below HPI

THE BARN 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 two THE BARN sales from July 1998 and March 2021 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 July 1998 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the March 2021 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

How Large is THE BARN?

THE BARN is 200m² according to the EPC inspection conducted in January 2019. This puts it in the largest 10% of detached houses in March, based on EPC data. The below chart shows the distribution of detached houses by size in March, and where THE BARN lies on this distribution: 95% of detached houses are smaller than THE BARN, and 5% of houses are larger. Note that EPC data is not available for all properties in March.

THE BARN: Plot and Title Map

THE BARN sits on a plot of roughly 0.200 of an acre, or 810m². The below map shows the location of THE BARN, 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 THE BARN). 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 THE BARN?

THE BARN is located on MILL HILL LANE in MARCH, in the PE15 postcode district. The below map shows the position of THE BARN on MILL HILL LANE.