1, MADER CLOSE, PARSON DROVE, WISBECH, PE13 4AW - £285,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 MADER CLOSE is a midsized detached house of 123m², which could now be worth an estimated £356,264. It was last sold for £285,000 in August 2017, which was around 15% above the average August 2017 detached price in the Fenland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was B, and the potential energy rating was B.

1 MADER CLOSE Sold Prices

Land registry data shows two sales for 1 MADER CLOSE 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 1 MADER CLOSE 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
2017 21 AUG	£285,000	£247,464	15% above HPI
2016 20 MAY	£210,000	£220,072	5% below HPI

1 MADER 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 two 1 MADER CLOSE sales from May 2016 and August 2017 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 2016 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2017 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 1 MADER CLOSE be worth now?

1 MADER CLOSE might now be worth an estimated £356,264.

This is based on house price inflation of 25%, between August 2017 and December 2024, for detached houses, in the Fenland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25% inflationary increase is applied to the most recent sale price for 1 MADER CLOSE of £285,000 on 21st August 2017. For the value to have increased from £285,000 to £356,264 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of 1 MADER CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The August 2017 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MADER CLOSE has not materially changed since August 2017.

How Large is 1 MADER CLOSE?

1 MADER CLOSE is 123m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 40% of detached houses houses in Parson Drove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Parson Drove, and where 1 MADER CLOSE lies on this distribution: 40% of detached houses houses are smaller than 1 MADER CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Parson Drove.

1 MADER CLOSE: Plot and Title Map

1 MADER CLOSE sits on a plot of roughly 0.229 of an acre, or 926m². The below map shows the location of 1 MADER 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 1 MADER 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 1 MADER CLOSE?

1 MADER CLOSE is located in PARSON DROVE, in the PE13 postcode district. The below map shows the position of No. 1 on MADER CLOSE.