3, REED WAY, FRIDAY BRIDGE, WISBECH, PE14 0JG - £197,500

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

3 REED WAY is a very small detached house of 62m², built sometime between 1996 and 2002. It was last sold for £197,500 in January 2021, which was around 26% below the average January 2021 detached price in the Fenland local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

3 REED WAY Sold Prices

Land registry data shows two sales for 3 REED WAY 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 3 REED WAY 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
2021 15 JAN	£197,500	£266,870	26% below HPI
2003 17 APR	£102,000	£140,923	28% below HPI

3 REED WAY 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 3 REED WAY sales from April 2003 and January 2021 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 April 2003 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 3 REED WAY?

3 REED WAY is 62m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% of detached houses in Friday Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Friday Bridge, and where 3 REED WAY lies on this distribution: 13% of detached houses are smaller than 3 REED WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Friday Bridge.

3 REED WAY: Plot and Title Map

3 REED WAY sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 3 REED WAY, 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 REED WAY). 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 REED WAY?

3 REED WAY is located in FRIDAY BRIDGE, in the PE14 postcode district. The below map shows the position of No. 3 on REED WAY.