1B, RICHARDS CLOSE, MARCH, PE15 8UH - £187,000

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

1B RICHARDS CLOSE is a small detached house of 80m², built sometime between 2003 and 2006. It was last sold for £187,000 in June 2015, which was around 8% below the average June 2015 detached price in the Fenland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

1B RICHARDS CLOSE Sold Prices

Land registry data shows two sales for 1B RICHARDS CLOSE 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 1B RICHARDS CLOSE sales was for below the average price, whilst the other 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
2015 19 JUN	£187,000	£203,294	8% below HPI
2003 27 JAN	£145,000	£134,612	8% above HPI

1B RICHARDS 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 two 1B RICHARDS CLOSE sales from January 2003 and June 2015 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 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the June 2015 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 1B RICHARDS CLOSE?

1B RICHARDS CLOSE is 80m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% of detached houses in March, based on EPC data. The below chart shows the distribution of detached houses by size in March, and where 1B RICHARDS CLOSE lies on this distribution: 28% of detached houses are smaller than 1B RICHARDS CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in March.

1B RICHARDS CLOSE: Plot and Title Map

1B RICHARDS CLOSE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 1B RICHARDS 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 1B RICHARDS 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 1B RICHARDS CLOSE?

1B RICHARDS CLOSE is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 1B on RICHARDS CLOSE.