12, THE BANK, PARSON DROVE, WISBECH, PE13 4JD - £281,000

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

12 THE BANK is a very large extended detached house of 315m², built sometime before 1900. It was last sold for £281,000 in June 2014, which was around 52% above the average June 2014 detached price in the Fenland local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

12 THE BANK Sold Prices

Land registry data shows two sales for 12 THE BANK 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. One of the two 12 THE BANK sales was for above the average price, whilst the other was 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
2014 24 JUN	£281,000	£185,165	52% above HPI
2010 11 MAY	£147,000	£169,816	13% below HPI

12 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 two 12 THE BANK sales from May 2010 and June 2014 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 May 2010 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2014 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is 12 THE BANK?

12 THE BANK is 315m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the largest 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 12 THE BANK lies on this distribution: 98% of detached houses are smaller than 12 THE BANK, and 2% of houses are larger. Note that EPC data is not available for all properties in Parson Drove.

12 THE BANK: Plot and Title Map

12 THE BANK sits on a plot of roughly 0.175 of an acre, or 709m². The below map shows the location of 12 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 12 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 12 THE BANK?

12 THE BANK is located in PARSON DROVE, in the PE13 postcode district. The below map shows the position of No. 12 on THE BANK.