1, THE BANK, PARSON DROVE, WISBECH, PE13 4JD - £170,000

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 THE BANK is a very small detached house of 84m², built sometime between 1976 and 1982, which could now be worth an estimated £201,620. It was last sold for £170,000 in December 2019, which was around 35% below the average December 2019 detached price in the Fenland local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was C.

1 THE BANK Sold Prices

Land registry data shows three sales for 1 THE BANK 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 THE BANK 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
2019 6 DEC	£170,000	£260,828	35% below HPI
2001 30 JAN	£89,995	£90,615	1% below HPI
1997 11 DEC	£60,000	£63,074	5% below HPI

1 THE BANK 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 THE BANK sales between December 1997 and December 2019 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 January 2001 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 1 THE BANK be worth now?

1 THE BANK might now be worth an estimated £201,620.

This is based on house price inflation of 18.6%, between December 2019 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 18.6% inflationary increase is applied to the most recent sale price for 1 THE BANK of £170,000 on 6th December 2019. For the value to have increased from £170,000 to £201,620 over the five years to December 2024, the following assumptions must hold true:

• The value of 1 THE BANK has moved in line with the HPI for detached houses in the Fenland local authority area.
• The December 2019 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE BANK has not materially changed since December 2019.

How Large is 1 THE BANK?

1 THE BANK is 84m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% 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 THE BANK lies on this distribution: 8% of detached houses houses are smaller than 1 THE BANK, and 92% of houses are larger. Note that EPC data is not available for all properties in Parson Drove.

1 THE BANK: Plot and Title Map

1 THE BANK sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of 1 THE BANK, 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 THE BANK). 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 THE BANK?

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