2, PARK AVENUE, WISBECH, PE13 3AQ - £575,000

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 PARK AVENUE is a very large extended detached house of 485m², built sometime before 1900. It was last sold for £575,000 in July 2021, which was around 113% above the average July 2021 detached price in the Fenland local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was C.

2 PARK AVENUE Sold Prices

Land registry data shows five sales for 2 PARK AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the five 2 PARK AVENUE 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
2021 28 JUL	£575,000	£270,493	113% above HPI
2015 3 JUL	£365,000	£202,090	81% above HPI
2013 19 JUL	£290,000	£171,437	69% above HPI
2008 17 DEC	£310,000	£168,879	84% above HPI
1996 19 JAN	£156,000	£55,015	184% above HPI

2 PARK AVENUE 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 five 2 PARK AVENUE sales between January 1996 and July 2021 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 July 2015 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the July 2021 sale, where it rises to 113% above the HPI. The line then continues to track at 113% above the HPI.

How Large is 2 PARK AVENUE?

2 PARK AVENUE is 485m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the largest 10% of detached houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses by size in Wisbech, and where 2 PARK AVENUE lies on this distribution: More than 99% of detached houses are smaller than 2 PARK AVENUE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

2 PARK AVENUE: Plot and Title Map

2 PARK AVENUE sits on a plot of roughly 0.177 of an acre, or 715m². The below map shows the location of 2 PARK AVENUE, 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 PARK AVENUE). 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 PARK AVENUE?

2 PARK AVENUE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 2 on PARK AVENUE.