2, GIPSON CLOSE, CHATTERIS, PE16 6PQ - £234,000

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.

2 GIPSON CLOSE is a midsized detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £291,496. It was last sold for £234,000 in March 2018, which was around 7% below the average March 2018 detached price in the Fenland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

2 GIPSON CLOSE Sold Prices

Land registry data shows two sales for 2 GIPSON 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 2 GIPSON 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
2018 19 MAR	£234,000	£252,687	7% below HPI
2002 31 MAY	£120,000	£116,644	3% above HPI

2 GIPSON 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 2 GIPSON CLOSE sales from May 2002 and March 2018 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 May 2002 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the March 2018 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 2 GIPSON CLOSE be worth now?

2 GIPSON CLOSE might now be worth an estimated £291,496.

This is based on house price inflation of 24.6%, between March 2018 and February 2025, for detached houses, in the Fenland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.6% inflationary increase is applied to the most recent sale price for 2 GIPSON CLOSE of £234,000 on 19th March 2018. For the value to have increased from £234,000 to £291,496 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 2 GIPSON CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The March 2018 sale price of £234,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GIPSON CLOSE has not materially changed since March 2018.

How Large is 2 GIPSON CLOSE?

2 GIPSON CLOSE is 101m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 50% of detached houses houses in Chatteris, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chatteris, and where 2 GIPSON CLOSE lies on this distribution: 41% of detached houses houses are smaller than 2 GIPSON CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

2 GIPSON CLOSE: Plot and Title Map

2 GIPSON CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 2 GIPSON 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 2 GIPSON 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 2 GIPSON CLOSE?

2 GIPSON CLOSE is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 2 on GIPSON CLOSE.