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

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

3 REED WAY is a very small detached house of 62m², built sometime between 1996 and 2002, which could now be worth an estimated £223,600. It was last sold for £197,500 in January 2021, which was around 28% 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	£273,234	28% below HPI
2003 17 APR	£102,000	£144,284	29% 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 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2021 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 3 REED WAY be worth now?

3 REED WAY might now be worth an estimated £223,600.

This is based on house price inflation of 13.2%, between January 2021 and December 2024, 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 13.2% inflationary increase is applied to the most recent sale price for 3 REED WAY of £197,500 on 15th January 2021. For the value to have increased from £197,500 to £223,600 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of 3 REED WAY has moved in line with the HPI for detached houses in the Fenland local authority area.
• The January 2021 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 3 REED WAY has not materially changed since January 2021.

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 houses in Friday Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Friday Bridge, and where 3 REED WAY lies on this distribution: 13% of detached houses 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.