3, TEACHERS CLOSE, MANEA, MARCH, PE15 0HL - £260,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 TEACHERS CLOSE is a small detached house of 102m², built sometime between 2003 and 2006. It was last sold for £260,000 in December 2022, which was around 19% below the average December 2022 detached price in the Fenland local authority area. The most recent EPC inspection was July 2010, where the current energy rating was C, and the potential energy rating was C.

3 TEACHERS CLOSE Sold Prices

Land registry data shows four sales for 3 TEACHERS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the four 3 TEACHERS 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 15 DEC	£260,000	£322,396	19% below HPI
2021 23 AUG	£220,000	£275,250	20% below HPI
2005 16 NOV	£135,000	£175,300	23% below HPI
2003 6 MAR	£101,000	£136,135	26% below HPI

3 TEACHERS 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 four 3 TEACHERS CLOSE sales between March 2003 and December 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 August 2021 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 3 TEACHERS CLOSE?

3 TEACHERS CLOSE is 102m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 40% of detached houses in Manea, based on EPC data. The below chart shows the distribution of detached houses by size in Manea, and where 3 TEACHERS CLOSE lies on this distribution: 38% of detached houses are smaller than 3 TEACHERS CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Manea.

3 TEACHERS CLOSE: Plot and Title Map

3 TEACHERS CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 3 TEACHERS 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 TEACHERS 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 TEACHERS CLOSE?

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