2, SPENCER DROVE, GUYHIRN, WISBECH, PE13 4EU - £245,000

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 SPENCER DROVE is a midsized detached house of 130m², built sometime between 1991 and 1995. It was last sold for £245,000 in April 2019, which was around 3% below the average April 2019 detached price in the Fenland local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

2 SPENCER DROVE Sold Prices

Land registry data shows three sales for 2 SPENCER DROVE 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. The three 2 SPENCER DROVE sales were a mix of below the average price, and roughly equal to 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 15 APR	£245,000	£251,835	3% below HPI
2016 12 MAY	£214,500	£214,946	Close to HPI
2008 4 JUL	£185,000	£190,918	3% below HPI

2 SPENCER DROVE 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 SPENCER DROVE sales between July 2008 and April 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 May 2016 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the April 2019 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 2 SPENCER DROVE?

2 SPENCER DROVE is 130m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 50% of detached houses in Guyhirn, based on EPC data. The below chart shows the distribution of detached houses by size in Guyhirn, and where 2 SPENCER DROVE lies on this distribution: 41% of detached houses are smaller than 2 SPENCER DROVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Guyhirn.

2 SPENCER DROVE: Plot and Title Map

2 SPENCER DROVE sits on a plot of roughly 0.129 of an acre, or 520m². The below map shows the location of 2 SPENCER DROVE, 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 SPENCER DROVE). 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 SPENCER DROVE?

2 SPENCER DROVE is located in GUYHIRN, in the PE13 postcode district. The below map shows the position of No. 2 on SPENCER DROVE.