1, OLIVERS WAY, MARCH, PE15 9PU - £240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 OLIVERS WAY is a very small detached house of 60m², built sometime between 1996 and 2002, which could now be worth an estimated £266,427. It was last sold for £240,000 in September 2021, which was around 15% below the average September 2021 detached price in the Fenland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

1 OLIVERS WAY Sold Prices

Land registry data shows two sales for 1 OLIVERS WAY 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. Both of the two 1 OLIVERS WAY 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
2021 27 SEP	£240,000	£283,552	15% below HPI
1997 20 JUN	£52,950	£59,698	11% below HPI

1 OLIVERS WAY 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 OLIVERS WAY sales from June 1997 and September 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 June 1997 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 1 OLIVERS WAY be worth now?

1 OLIVERS WAY might now be worth an estimated £266,427.

This is based on house price inflation of 11%, between September 2021 and February 2025, 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 11% inflationary increase is applied to the most recent sale price for 1 OLIVERS WAY of £240,000 on 27th September 2021. For the value to have increased from £240,000 to £266,427 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 OLIVERS WAY has moved in line with the HPI for detached houses in the Fenland local authority area.
• The September 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OLIVERS WAY has not materially changed since September 2021.

How Large is 1 OLIVERS WAY?

1 OLIVERS WAY is 60m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses houses in March, based on EPC data. The below chart shows the distribution of detached houses houses by size in March, and where 1 OLIVERS WAY lies on this distribution: 7% of detached houses houses are smaller than 1 OLIVERS WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in March.

1 OLIVERS WAY: Plot and Title Map

1 OLIVERS WAY sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 1 OLIVERS WAY, 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 OLIVERS WAY). 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 OLIVERS WAY?

1 OLIVERS WAY is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 1 on OLIVERS WAY.