2, MORBORNE CLOSE, PETERBOROUGH, PE2 8PH - £255,000

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 MORBORNE CLOSE is a very large extended detached house of 158m², built sometime between 1950 and 1966, which could now be worth an estimated £316,972. It was last sold for £255,000 in June 2018, which was around 15% below the average June 2018 detached price in the City of Peterborough local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

2 MORBORNE CLOSE Sold Prices

Land registry data shows four sales for 2 MORBORNE 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 City of Peterborough local authority area for the corresponding sale date. Most of the four 2 MORBORNE CLOSE 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
2018 22 JUN	£255,000	£299,795	15% below HPI
2002 30 AUG	£160,000	£148,731	8% above HPI
1997 10 JAN	£79,374	£76,439	4% above HPI
1995 21 JUL	£85,000	£74,202	15% above HPI

2 MORBORNE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The four 2 MORBORNE CLOSE sales between July 1995 and June 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 August 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the June 2018 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 MORBORNE CLOSE be worth now?

2 MORBORNE CLOSE might now be worth an estimated £316,972.

This is based on house price inflation of 24.3%, between June 2018 and February 2025, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.3% inflationary increase is applied to the most recent sale price for 2 MORBORNE CLOSE of £255,000 on 22nd June 2018. For the value to have increased from £255,000 to £316,972 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 2 MORBORNE CLOSE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The June 2018 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MORBORNE CLOSE has not materially changed since June 2018.

How Large is 2 MORBORNE CLOSE?

2 MORBORNE CLOSE is 158m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 20% of detached houses houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterborough, and where 2 MORBORNE CLOSE lies on this distribution: 82% of detached houses houses are smaller than 2 MORBORNE CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

2 MORBORNE CLOSE: Plot and Title Map

2 MORBORNE CLOSE sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of 2 MORBORNE 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 MORBORNE 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 MORBORNE CLOSE?

2 MORBORNE CLOSE is located in PETERBOROUGH, in the PE2 postcode district. The below map shows the position of No. 2 on MORBORNE CLOSE.