3, SOVEREIGN CLOSE, WISBECH, PE13 1SH - £156,000

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 SOVEREIGN CLOSE is a midsized detached house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £285,069. It was last sold for £156,000 in April 2011, which was around 9% below the average April 2011 detached price in the Fenland local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

3 SOVEREIGN CLOSE Sold Prices

Land registry data shows two sales for 3 SOVEREIGN 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 SOVEREIGN 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
2011 15 APR	£156,000	£172,256	9% below HPI
2004 1 SEP	£146,000	£174,803	16% below HPI

3 SOVEREIGN 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 SOVEREIGN CLOSE sales from September 2004 and April 2011 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 September 2004 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2011 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 3 SOVEREIGN CLOSE be worth now?

3 SOVEREIGN CLOSE might now be worth an estimated £285,069.

This is based on house price inflation of 82.7%, between April 2011 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 82.7% inflationary increase is applied to the most recent sale price for 3 SOVEREIGN CLOSE of £156,000 on 15th April 2011. For the value to have increased from £156,000 to £285,069 over the fourteen years and two months to February 2025, the following assumptions must hold true:

• The value of 3 SOVEREIGN CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The April 2011 sale price of £156,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SOVEREIGN CLOSE has not materially changed since April 2011.

How Large is 3 SOVEREIGN CLOSE?

3 SOVEREIGN CLOSE is 101m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 50% of detached houses houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wisbech, and where 3 SOVEREIGN CLOSE lies on this distribution: 49% of detached houses houses are smaller than 3 SOVEREIGN CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

3 SOVEREIGN CLOSE: Plot and Title Map

3 SOVEREIGN CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 3 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN CLOSE?

3 SOVEREIGN CLOSE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 3 on SOVEREIGN CLOSE.