2, OLD SCHOOL DRIVE, CHATTERIS, PE16 6JX - £305,000

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 OLD SCHOOL DRIVE is a small detached house of 94m², built sometime between 1996 and 2002. It was last sold for £305,000 in October 2023, which was around 3% below the average October 2023 detached price in the Fenland local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

2 OLD SCHOOL DRIVE Sold Prices

Land registry data shows two sales for 2 OLD SCHOOL DRIVE 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 OLD SCHOOL DRIVE sales was for below the average price, whilst the other was 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
2023 30 OCT	£305,000	£314,625	3% below HPI
1998 10 MAR	£75,000	£64,038	17% above HPI

2 OLD SCHOOL DRIVE 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 OLD SCHOOL DRIVE sales from March 1998 and October 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 March 1998 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the October 2023 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 2 OLD SCHOOL DRIVE?

2 OLD SCHOOL DRIVE is 94m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 40% 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 OLD SCHOOL DRIVE lies on this distribution: 34% of detached houses are smaller than 2 OLD SCHOOL DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

2 OLD SCHOOL DRIVE: Plot and Title Map

2 OLD SCHOOL DRIVE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 2 OLD SCHOOL DRIVE, 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 OLD SCHOOL DRIVE). 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 OLD SCHOOL DRIVE?

2 OLD SCHOOL DRIVE is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 2 on OLD SCHOOL DRIVE.