2, THE LAURELS, MARCH, PE15 8PL - £184,000

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 THE LAURELS is a midsized extended detached house of 100m², built sometime between 1983 and 1990, which could now be worth an estimated £331,849. It was last sold for £184,000 in October 2004, which was around 5% above the average October 2004 detached price in the Fenland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

2 THE LAURELS Sold Prices

Land registry data shows two sales for 2 THE LAURELS 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. Both of the two 2 THE LAURELS 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
2004 15 OCT	£184,000	£174,533	5% above HPI
2001 22 FEB	£98,500	£90,523	9% above HPI

2 THE LAURELS 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 THE LAURELS sales from February 2001 and October 2004 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 February 2001 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the October 2004 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 2 THE LAURELS be worth now?

2 THE LAURELS might now be worth an estimated £331,849.

This is based on house price inflation of 80.4%, between October 2004 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 80.4% inflationary increase is applied to the most recent sale price for 2 THE LAURELS of £184,000 on 15th October 2004. For the value to have increased from £184,000 to £331,849 over the 21 years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 THE LAURELS has moved in line with the HPI for detached houses in the Fenland local authority area.
• The October 2004 sale price of £184,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE LAURELS has not materially changed since October 2004.

How Large is 2 THE LAURELS?

2 THE LAURELS is 100m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the largest 50% 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 THE LAURELS lies on this distribution: 51% of detached houses houses are smaller than 2 THE LAURELS, and 48% of houses are larger. Note that EPC data is not available for all properties in March.

2 THE LAURELS: Plot and Title Map

2 THE LAURELS sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of 2 THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

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