1, SOVEREIGN CLOSE, WISBECH, PE13 1SH - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 SOVEREIGN CLOSE is a midsized extended detached house of 110m², built sometime between 1983 and 1990. It was last sold for £275,000 in March 2023, which was around 13% below the average March 2023 detached price in the Fenland local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

1 SOVEREIGN CLOSE Sold Prices

Land registry data shows two sales for 1 SOVEREIGN 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. Both of the two 1 SOVEREIGN CLOSE 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
2023 17 MAR	£275,000	£317,772	13% below HPI
2001 14 AUG	£93,500	£97,759	4% below HPI

1 SOVEREIGN 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 SOVEREIGN CLOSE sales from August 2001 and March 2023 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 August 2001 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2023 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 1 SOVEREIGN CLOSE?

1 SOVEREIGN CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the largest 40% of detached houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses by size in Wisbech, and where 1 SOVEREIGN CLOSE lies on this distribution: 59% of detached houses are smaller than 1 SOVEREIGN CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

1 SOVEREIGN CLOSE: Plot and Title Map

1 SOVEREIGN CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 1 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN CLOSE?

1 SOVEREIGN CLOSE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 1 on SOVEREIGN CLOSE.