2, NEWMARKET CLOSE, PETERBOROUGH, PE1 4ED - £220,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 NEWMARKET CLOSE is a very small detached house of 56m², built sometime between 1983 and 1990. It was last sold for £220,000 in May 2022, which was around 38% below the average May 2022 detached price in the City of Peterborough local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

2 NEWMARKET CLOSE Sold Prices

Land registry data shows two sales for 2 NEWMARKET 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 City of Peterborough local authority area for the corresponding sale date. Both of the two 2 NEWMARKET 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 11 MAY	£220,000	£354,251	38% below HPI
2013 16 SEP	£124,999	£211,601	41% below HPI

2 NEWMARKET 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 two 2 NEWMARKET CLOSE sales from September 2013 and May 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 September 2013 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the May 2022 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 NEWMARKET CLOSE be worth now?

2 NEWMARKET CLOSE might now be worth an estimated £232,603.

This is based on house price inflation of 5.7%, between May 2022 and December 2024, 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 5.7% inflationary increase is applied to the most recent sale price for 2 NEWMARKET CLOSE of £220,000 on 11th May 2022. For the value to have increased from £220,000 to £232,603 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 2 NEWMARKET CLOSE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The May 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NEWMARKET CLOSE has not materially changed since May 2022.

How Large is 2 NEWMARKET CLOSE?

2 NEWMARKET CLOSE is 56m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% 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 NEWMARKET CLOSE lies on this distribution: 2% of detached houses houses are smaller than 2 NEWMARKET CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

2 NEWMARKET CLOSE: Plot and Title Map

2 NEWMARKET CLOSE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 2 NEWMARKET 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 NEWMARKET 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 NEWMARKET CLOSE?

2 NEWMARKET CLOSE is located in PETERBOROUGH, in the PE1 postcode district. The below map shows the position of No. 2 on NEWMARKET CLOSE.