2, MARSH CLOSE, MARCH, PE15 8SG - £257,000

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 MARSH CLOSE is a very small detached house of 60m², built sometime between 2003 and 2006. It was last sold for £257,000 in August 2022, which was around 19% below the average August 2022 detached price in the Fenland local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

2 MARSH CLOSE Sold Prices

Land registry data shows four sales for 2 MARSH CLOSE 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 MARSH CLOSE 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
2022 24 AUG	£257,000	£317,633	19% below HPI
2022 31 MAR	£227,500	£301,692	25% below HPI
2009 17 JUL	£152,000	£160,159	5% below HPI
2004 12 NOV	£129,000	£175,127	26% below HPI

2 MARSH 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 four 2 MARSH CLOSE sales between November 2004 and August 2022 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 March 2022 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 MARSH CLOSE?

2 MARSH CLOSE is 60m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% 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 MARSH CLOSE lies on this distribution: 7% of detached houses are smaller than 2 MARSH CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in March.

2 MARSH CLOSE: Plot and Title Map

2 MARSH CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 2 MARSH 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 MARSH 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 MARSH CLOSE?

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