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

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 THE BANK is a very small detached house of 84m², built sometime between 1976 and 1982. It was last sold for £170,000 in December 2019, which was around 33% 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. Two of the three 1 THE BANK sales were for below the average price, whilst one was for above 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	£254,753	33% below HPI
2001 30 JAN	£89,995	£88,505	2% above HPI
1997 11 DEC	£60,000	£61,605	3% 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 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the December 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

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 in Parson Drove, based on EPC data. The below chart shows the distribution of detached houses by size in Parson Drove, and where 1 THE BANK lies on this distribution: 8% of detached 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.