38, MARRITT CLOSE, CHATTERIS, PE16 6PJ - £240,000

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.

38 MARRITT CLOSE is a small detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £271,862. It was last sold for £240,000 in June 2021, which was around 14% below the average June 2021 detached price in the Fenland local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was B.

38 MARRITT CLOSE Sold Prices

Land registry data shows three sales for 38 MARRITT 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 Fenland local authority area for the corresponding sale date. Two of the three 38 MARRITT CLOSE sales were for below the average price, whilst one was 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
2021 18 JUN	£240,000	£277,884	14% below HPI
2007 24 APR	£165,000	£197,871	17% below HPI
1996 10 OCT	£59,000	£57,680	2% above HPI

38 MARRITT 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 three 38 MARRITT CLOSE sales between October 1996 and June 2021 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 April 2007 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 38 MARRITT CLOSE be worth now?

38 MARRITT CLOSE might now be worth an estimated £271,862.

This is based on house price inflation of 13.3%, between June 2021 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 13.3% inflationary increase is applied to the most recent sale price for 38 MARRITT CLOSE of £240,000 on 18th June 2021. For the value to have increased from £240,000 to £271,862 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 38 MARRITT CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The June 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 38 MARRITT CLOSE has not materially changed since June 2021.

How Large is 38 MARRITT CLOSE?

38 MARRITT CLOSE is 96m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 40% of detached houses houses in Chatteris, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chatteris, and where 38 MARRITT CLOSE lies on this distribution: 36% of detached houses houses are smaller than 38 MARRITT CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

38 MARRITT CLOSE: Plot and Title Map

38 MARRITT CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 38 MARRITT 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 38 MARRITT 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 38 MARRITT CLOSE?

38 MARRITT CLOSE is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 38 on MARRITT CLOSE.