3, MEDWAY CLOSE, WISBECH, PE13 2LA - £200,000

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

3 MEDWAY CLOSE is a midsized extended detached house of 109m², built sometime between 1983 and 1990. It was last sold for £200,000 in December 2017, which was around 18% below the average December 2017 detached price in the Fenland local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

3 MEDWAY CLOSE Sold Prices

Land registry data shows four sales for 3 MEDWAY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the four 3 MEDWAY 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
2017 20 DEC	£200,000	£243,808	18% below HPI
2014 12 NOV	£160,000	£190,753	16% below HPI
2013 15 JUL	£150,000	£171,437	13% below HPI
2006 30 JUN	£162,000	£178,196	9% below HPI

3 MEDWAY 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 four 3 MEDWAY CLOSE sales between June 2006 and December 2017 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 November 2014 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2017 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 MEDWAY CLOSE?

3 MEDWAY CLOSE is 109m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the largest 50% of detached houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses by size in Wisbech, and where 3 MEDWAY CLOSE lies on this distribution: 58% of detached houses are smaller than 3 MEDWAY CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

3 MEDWAY CLOSE: Plot and Title Map

3 MEDWAY CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 3 MEDWAY 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 3 MEDWAY 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 3 MEDWAY CLOSE?

3 MEDWAY CLOSE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 3 on MEDWAY CLOSE.