2, FAIRFAX WAY, MARCH, PE15 9HP - £305,000

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

2 FAIRFAX WAY is a large extended detached house of 121m², built sometime between 1983 and 1990. It was last sold for £305,000 in December 2020, which was around 15% above the average December 2020 detached price in the Fenland local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

2 FAIRFAX WAY Sold Prices

Land registry data shows three sales for 2 FAIRFAX WAY 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 2 FAIRFAX 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
2020 16 DEC	£305,000	£265,196	15% above HPI
2015 2 JUL	£229,000	£202,090	13% above HPI
1998 6 NOV	£72,000	£69,491	4% above HPI

2 FAIRFAX WAY 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 2 FAIRFAX WAY sales between November 1998 and December 2020 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 July 2015 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the December 2020 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 2 FAIRFAX WAY?

2 FAIRFAX WAY is 121m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the largest 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 2 FAIRFAX WAY lies on this distribution: 70% of detached houses are smaller than 2 FAIRFAX WAY, and 29% of houses are larger. Note that EPC data is not available for all properties in March.

2 FAIRFAX WAY: Plot and Title Map

2 FAIRFAX WAY sits on a plot of roughly 0.082 of an acre, or 334m². The below map shows the location of 2 FAIRFAX 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 FAIRFAX 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 FAIRFAX WAY?

2 FAIRFAX WAY is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 2 on FAIRFAX WAY.