2, CHESTNUT WAY, MARKET DEEPING, PETERBOROUGH, PE6 8LP - £248,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 CHESTNUT WAY is a small extended detached house of 97m², built sometime between 1976 and 1982. It was last sold for £248,000 in May 2021, which was around 24% below the average May 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

2 CHESTNUT WAY Sold Prices

Land registry data shows two sales for 2 CHESTNUT 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 South Kesteven local authority area for the corresponding sale date. Both of the two 2 CHESTNUT WAY 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 21 MAY	£248,000	£325,001	24% below HPI
1999 29 JAN	£65,000	£88,213	26% below HPI

2 CHESTNUT WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 2 CHESTNUT WAY sales from January 1999 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 January 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2021 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 2 CHESTNUT WAY?

2 CHESTNUT WAY is 97m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of detached houses in Market Deeping, based on EPC data. The below chart shows the distribution of detached houses by size in Market Deeping, and where 2 CHESTNUT WAY lies on this distribution: 28% of detached houses are smaller than 2 CHESTNUT WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Market Deeping.

2 CHESTNUT WAY: Plot and Title Map

2 CHESTNUT WAY sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 2 CHESTNUT 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 2 CHESTNUT 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 2 CHESTNUT WAY?

2 CHESTNUT WAY is located in MARKET DEEPING, in the PE6 postcode district. The below map shows the position of No. 2 on CHESTNUT WAY.