2, HERITAGE WAY, MARCH, PE15 9PE - £417,000

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 HERITAGE WAY is a very large detached house of 150m², built in 2020. It was last sold for £417,000 in February 2023, which was around 32% above the average February 2023 detached price in the Fenland local authority area. The most recent EPC inspection was June 2022, where the current energy rating was B, and the potential energy rating was A.

2 HERITAGE WAY Sold Prices

Land registry data shows two sales for 2 HERITAGE 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 Fenland local authority area for the corresponding sale date. One of the two 2 HERITAGE WAY sales was for above the average price, whilst the other was 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
2023 9 FEB	£417,000	£316,404	32% above HPI
2021 18 MAY	£180,000	£265,430	32% below HPI

2 HERITAGE 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 two 2 HERITAGE WAY sales from May 2021 and February 2023 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 2021 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2023 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 2 HERITAGE WAY?

2 HERITAGE WAY is 150m² according to the EPC inspection conducted in June 2022. This puts it in the largest 20% 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 HERITAGE WAY lies on this distribution: 85% of detached houses are smaller than 2 HERITAGE WAY, and 15% of houses are larger. Note that EPC data is not available for all properties in March.

2 HERITAGE WAY: Plot and Title Map

2 HERITAGE WAY sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 2 HERITAGE 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 HERITAGE 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 HERITAGE WAY?

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