3, REEDMACE CLOSE, NEWBOROUGH, PETERBOROUGH, PE6 7QS - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 REEDMACE CLOSE is a very small detached house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £313,754. It was last sold for £315,000 in September 2022, which was around 16% below the average September 2022 detached price in the City of Peterborough local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

3 REEDMACE CLOSE Sold Prices

Land registry data shows two sales for 3 REEDMACE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. Both of the two 3 REEDMACE 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
2022 28 SEP	£315,000	£374,134	16% below HPI
2017 3 NOV	£222,500	£287,908	23% below HPI

3 REEDMACE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The two 3 REEDMACE CLOSE sales from November 2017 and September 2022 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 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 REEDMACE CLOSE be worth now?

3 REEDMACE CLOSE might now be worth an estimated £313,754.

This is based on house price deflation of 0.4%, between September 2022 and February 2025, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.4% deflationary decrease is applied to the most recent sale price for 3 REEDMACE CLOSE of £315,000 on 28th September 2022. For the value to have decreased from £315,000 to £313,754 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 REEDMACE CLOSE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The September 2022 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REEDMACE CLOSE has not materially changed since September 2022.

How Large is 3 REEDMACE CLOSE?

3 REEDMACE CLOSE is 74m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of detached houses houses in Newborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newborough, and where 3 REEDMACE CLOSE lies on this distribution: 16% of detached houses houses are smaller than 3 REEDMACE CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Newborough.

3 REEDMACE CLOSE: Plot and Title Map

3 REEDMACE CLOSE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 3 REEDMACE 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 REEDMACE 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 REEDMACE CLOSE?

3 REEDMACE CLOSE is located in NEWBOROUGH, in the PE6 postcode district. The below map shows the position of No. 3 on REEDMACE CLOSE.