2, LODE WAY, CHATTERIS, PE16 6TN - £79,995

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 LODE WAY is a very small detached house of 51m², built sometime between 1976 and 1982. It was last sold for £79,995 in December 2001, which was around 23% below the average December 2001 detached price in the Fenland local authority area. The most recent EPC inspection was May 2022, where the current energy rating was B, and the potential energy rating was B.

2 LODE WAY Sold Prices

Land registry data shows four sales for 2 LODE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the four 2 LODE 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
2001 14 DEC	£79,995	£103,605	23% below HPI
2001 5 FEB	£59,000	£88,415	33% below HPI
2000 27 JAN	£48,750	£75,692	36% below HPI
1996 15 OCT	£41,750	£56,337	26% below HPI

2 LODE 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 four 2 LODE WAY sales between October 1996 and December 2001 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 February 2001 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2001 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 2 LODE WAY?

2 LODE WAY is 51m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses in Chatteris, based on EPC data. The below chart shows the distribution of detached houses by size in Chatteris, and where 2 LODE WAY lies on this distribution: 1% of detached houses are smaller than 2 LODE WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

2 LODE WAY: Plot and Title Map

2 LODE WAY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 2 LODE 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 LODE 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 LODE WAY?

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