29, THE BANK, PARSON DROVE, WISBECH, PE13 4JD - £235,000

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

29 THE BANK is a midsized extended detached house of 137m², built sometime between 1996 and 2002. It was last sold for £235,000 in May 2018, which was around 6% below the average May 2018 detached price in the Fenland local authority area. The most recent EPC inspection was April 2022, where the current energy rating was F, and the potential energy rating was E.

29 THE BANK Sold Prices

Land registry data shows three sales for 29 THE BANK 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. Two of the three 29 THE BANK sales were for below the average price, whilst one 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
2018 4 MAY	£235,000	£249,153	6% below HPI
2012 7 MAR	£129,000	£171,066	25% below HPI
2002 27 SEP	£125,000	£120,879	3% above HPI

29 THE BANK 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 29 THE BANK sales between September 2002 and May 2018 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 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2018 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 29 THE BANK?

29 THE BANK is 137m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the largest 50% of detached houses in Parson Drove, based on EPC data. The below chart shows the distribution of detached houses by size in Parson Drove, and where 29 THE BANK lies on this distribution: 59% of detached houses are smaller than 29 THE BANK, and 40% of houses are larger. Note that EPC data is not available for all properties in Parson Drove.

29 THE BANK: Plot and Title Map

29 THE BANK sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 29 THE BANK, 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 29 THE BANK). 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 29 THE BANK?

29 THE BANK is located in PARSON DROVE, in the PE13 postcode district. The below map shows the position of No. 29 on THE BANK.