2, RICHARDS CLOSE, MARCH, PE15 8UH - £212,500

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 RICHARDS CLOSE is a small extended detached house of 83m², built sometime between 1991 and 1995, which could now be worth an estimated £262,939. It was last sold for £212,500 in August 2019, which was around 16% below the average August 2019 detached price in the Fenland local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

2 RICHARDS CLOSE Sold Prices

Land registry data shows three sales for 2 RICHARDS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the three 2 RICHARDS 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
2019 9 AUG	£212,500	£254,392	16% below HPI
2005 4 AUG	£170,000	£184,307	8% below HPI
2001 19 JAN	£52,500	£90,615	42% below HPI

2 RICHARDS 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 three 2 RICHARDS CLOSE sales between January 2001 and August 2019 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 2005 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2019 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 RICHARDS CLOSE be worth now?

2 RICHARDS CLOSE might now be worth an estimated £262,939.

This is based on house price inflation of 23.7%, between August 2019 and February 2025, for detached houses, in the Fenland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.7% inflationary increase is applied to the most recent sale price for 2 RICHARDS CLOSE of £212,500 on 9th August 2019. For the value to have increased from £212,500 to £262,939 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 2 RICHARDS CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The August 2019 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 2 RICHARDS CLOSE has not materially changed since August 2019.

How Large is 2 RICHARDS CLOSE?

2 RICHARDS CLOSE is 83m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 40% of detached houses houses in March, based on EPC data. The below chart shows the distribution of detached houses houses by size in March, and where 2 RICHARDS CLOSE lies on this distribution: 31% of detached houses houses are smaller than 2 RICHARDS CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in March.

2 RICHARDS CLOSE: Plot and Title Map

2 RICHARDS CLOSE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 2 RICHARDS 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 RICHARDS 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 RICHARDS CLOSE?

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