3, SMITHS CHASE, MARCH, PE15 8QL - £154,000

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 SMITHS CHASE is a very small semi-detached house of 55m², built sometime between 1996 and 2002, which could now be worth an estimated £227,016. It was last sold for £154,000 in April 2016, which was around 9% above the average April 2016 semi-detached price in the Fenland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

3 SMITHS CHASE Sold Prices

Land registry data shows four sales for 3 SMITHS CHASE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Fenland local authority area for the corresponding sale date. Most of the four 3 SMITHS CHASE sales were for above 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
2016 22 APR	£154,000	£141,228	9% above HPI
2006 30 JUN	£115,000	£120,563	5% below HPI
2003 27 JUN	£109,995	£94,206	17% above HPI
1997 1 MAY	£51,000	£37,242	37% above HPI

3 SMITHS CHASE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Fenland local authority area over time, sourced from the HPI. The four 3 SMITHS CHASE sales between May 1997 and April 2016 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 June 2006 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the April 2016 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 3 SMITHS CHASE be worth now?

3 SMITHS CHASE might now be worth an estimated £227,016.

This is based on house price inflation of 47.4%, between April 2016 and February 2025, for semi-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 47.4% inflationary increase is applied to the most recent sale price for 3 SMITHS CHASE of £154,000 on 22nd April 2016. For the value to have increased from £154,000 to £227,016 over the nine years and two months to February 2025, the following assumptions must hold true:

• The value of 3 SMITHS CHASE has moved in line with the HPI for semi-detached houses in the Fenland local authority area.
• The April 2016 sale price of £154,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SMITHS CHASE has not materially changed since April 2016.

How Large is 3 SMITHS CHASE?

3 SMITHS CHASE is 55m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of semi-detached houses houses in March, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in March, and where 3 SMITHS CHASE lies on this distribution: 2% of semi-detached houses houses are smaller than 3 SMITHS CHASE, and 98% of houses are larger. Note that EPC data is not available for all properties in March.

3 SMITHS CHASE: Plot and Title Map

3 SMITHS CHASE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 3 SMITHS CHASE, 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 SMITHS CHASE). 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 SMITHS CHASE?

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