31, REDWING CLOSE, STANGROUND, PETERBOROUGH, PE2 8SS - £305,000

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.

31 REDWING CLOSE is a midsized extended detached house of 118m², built sometime between 1996 and 2002, which could now be worth an estimated £365,153. It was last sold for £305,000 in August 2020, which was around 2% below the average August 2020 detached price in the City of Peterborough local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

31 REDWING CLOSE Sold Prices

Land registry data shows three sales for 31 REDWING CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. All of the three 31 REDWING 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
2020 3 AUG	£305,000	£311,265	2% below HPI
2020 19 JUN	£301,000	£316,374	5% below HPI
2000 13 MAR	£91,745	£92,296	1% below HPI

31 REDWING 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 three 31 REDWING CLOSE sales between March 2000 and August 2020 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 2020 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 31 REDWING CLOSE be worth now?

31 REDWING CLOSE might now be worth an estimated £365,153.

This is based on house price inflation of 19.7%, between August 2020 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 19.7% inflationary increase is applied to the most recent sale price for 31 REDWING CLOSE of £305,000 on 3rd August 2020. For the value to have increased from £305,000 to £365,153 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 31 REDWING CLOSE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The August 2020 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 31 REDWING CLOSE has not materially changed since August 2020.

How Large is 31 REDWING CLOSE?

31 REDWING CLOSE is 118m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 50% of detached houses houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterborough, and where 31 REDWING CLOSE lies on this distribution: 54% of detached houses houses are smaller than 31 REDWING CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

31 REDWING CLOSE: Plot and Title Map

31 REDWING CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 31 REDWING 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 31 REDWING 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 31 REDWING CLOSE?

31 REDWING CLOSE is located in STANGROUND, in the PE2 postcode district. The below map shows the position of No. 31 on REDWING CLOSE.