16, PETTS CLOSE, WISBECH, PE13 3QE - £174,000

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

16 PETTS CLOSE is a very small detached house of 58m², built sometime between 1996 and 2002. It was last sold for £174,000 in May 2021, which was around 34% below the average May 2021 detached price in the Fenland local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

16 PETTS CLOSE Sold Prices

Land registry data shows three sales for 16 PETTS CLOSE 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 16 PETTS 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
2021 25 MAY	£174,000	£265,430	34% below HPI
2016 25 FEB	£130,000	£216,095	40% below HPI
1997 31 JUL	£52,500	£58,407	10% below HPI

16 PETTS 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 three 16 PETTS CLOSE sales between July 1997 and May 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 February 2016 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2021 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 16 PETTS CLOSE?

16 PETTS CLOSE is 58m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of detached houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses by size in Wisbech, and where 16 PETTS CLOSE lies on this distribution: 5% of detached houses are smaller than 16 PETTS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

16 PETTS CLOSE: Plot and Title Map

16 PETTS CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 16 PETTS 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 16 PETTS 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 16 PETTS CLOSE?

16 PETTS CLOSE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 16 on PETTS CLOSE.