3, RICHARDS CLOSE, MARCH, PE15 8UH - £58,950

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 RICHARDS CLOSE is a very small detached house of 58m², built sometime between 2003 and 2006, which could now be worth an estimated £299,691. It was last sold for £58,950 in September 1997, which was around 5% below the average September 1997 detached price in the Fenland local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

3 RICHARDS CLOSE Sold Prices

Land registry data shows two sales for 3 RICHARDS 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 Fenland local authority area for the corresponding sale date. Both of the two 3 RICHARDS 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
1997 17 SEP	£58,950	£61,917	5% below HPI
1995 30 NOV	£49,950	£58,134	14% below HPI

3 RICHARDS 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 two 3 RICHARDS CLOSE sales from November 1995 and September 1997 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 1995 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 1997 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 3 RICHARDS CLOSE be worth now?

3 RICHARDS CLOSE might now be worth an estimated £299,691.

This is based on house price inflation of 408.4%, between September 1997 and February 2025, 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 408.4% inflationary increase is applied to the most recent sale price for 3 RICHARDS CLOSE of £58,950 on 17th September 1997. For the value to have increased from £58,950 to £299,691 over the 28 years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 RICHARDS CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The September 1997 sale price of £58,950 represented a fair market value for the property.
• The size, condition, and specification of 3 RICHARDS CLOSE has not materially changed since September 1997.

How Large is 3 RICHARDS CLOSE?

3 RICHARDS CLOSE is 58m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 10% of detached houses houses in March, based on EPC data. The below chart shows the distribution of detached houses houses by size in March, and where 3 RICHARDS CLOSE lies on this distribution: 4% of detached houses houses are smaller than 3 RICHARDS CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in March.

3 RICHARDS CLOSE: Plot and Title Map

3 RICHARDS CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 3 RICHARDS 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 RICHARDS 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 RICHARDS CLOSE?

3 RICHARDS CLOSE is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 3 on RICHARDS CLOSE.