16, MEMORIAL WAY, PETERBOROUGH, PE3 6GX - £358,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 MEMORIAL WAY is a midsized detached house of 112m², which could now be worth an estimated £408,874. It was last sold for £358,000 in June 2021, which was around 10% above the average June 2021 detached price in the City of Peterborough local authority area. The most recent EPC inspection was September 2017, where the current energy rating was B, and the potential energy rating was A.

16 MEMORIAL WAY Sold Prices

Land registry data shows two sales for 16 MEMORIAL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. Both of the two 16 MEMORIAL WAY sales were 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
2021 25 JUN	£358,000	£324,089	10% above HPI
2017 29 SEP	£304,995	£291,746	5% above HPI

16 MEMORIAL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The two 16 MEMORIAL WAY sales from September 2017 and June 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 September 2017 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2021 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 16 MEMORIAL WAY be worth now?

16 MEMORIAL WAY might now be worth an estimated £408,874.

This is based on house price inflation of 14.2%, between June 2021 and June 2025, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.2% inflationary increase is applied to the most recent sale price for 16 MEMORIAL WAY of £358,000 on 25th June 2021. For the value to have increased from £358,000 to £408,874 over the four years to June 2025, the following assumptions must hold true:

• The value of 16 MEMORIAL WAY has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The June 2021 sale price of £358,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MEMORIAL WAY has not materially changed since June 2021.

How Large is 16 MEMORIAL WAY?

16 MEMORIAL WAY is 112m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 50% of detached houses houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterborough, and where 16 MEMORIAL WAY lies on this distribution: 47% of detached houses houses are smaller than 16 MEMORIAL WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

16 MEMORIAL WAY: Plot and Title Map

16 MEMORIAL WAY sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 16 MEMORIAL WAY, 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 16 MEMORIAL WAY). 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 16 MEMORIAL WAY?

16 MEMORIAL WAY is located in PETERBOROUGH, in the PE3 postcode district. The below map shows the position of No. 16 on MEMORIAL WAY.