1, SMITHS CHASE, MARCH, PE15 8QL - £190,000

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 SMITHS CHASE is a very small detached house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £215,109. It was last sold for £190,000 in January 2021, which was around 30% below the average January 2021 detached price in the Fenland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

1 SMITHS CHASE Sold Prices

Land registry data shows three sales for 1 SMITHS CHASE 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 1 SMITHS CHASE 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 29 JAN	£190,000	£273,234	30% below HPI
2009 30 OCT	£135,000	£168,700	20% below HPI
2007 23 MAR	£146,995	£192,777	24% below HPI

1 SMITHS CHASE 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 1 SMITHS CHASE sales between March 2007 and January 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 October 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 1 SMITHS CHASE be worth now?

1 SMITHS CHASE might now be worth an estimated £215,109.

This is based on house price inflation of 13.2%, between January 2021 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 13.2% inflationary increase is applied to the most recent sale price for 1 SMITHS CHASE of £190,000 on 29th January 2021. For the value to have increased from £190,000 to £215,109 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of 1 SMITHS CHASE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The January 2021 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SMITHS CHASE has not materially changed since January 2021.

How Large is 1 SMITHS CHASE?

1 SMITHS CHASE is 65m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% 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 SMITHS CHASE lies on this distribution: 14% of detached houses houses are smaller than 1 SMITHS CHASE, and 85% of houses are larger. Note that EPC data is not available for all properties in March.

1 SMITHS CHASE: Plot and Title Map

1 SMITHS CHASE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 1 SMITHS CHASE, 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 SMITHS CHASE). 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 SMITHS CHASE?

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