4, MEDWAY CLOSE, WISBECH, PE13 2LA - £242,000

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.

4 MEDWAY CLOSE is a midsized detached house of 106m², built sometime between 1976 and 1982, which could now be worth an estimated £291,087. It was last sold for £242,000 in December 2018, which was around 8% below the average December 2018 detached price in the Fenland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was B.

4 MEDWAY CLOSE Sold Prices

Land registry data shows five sales for 4 MEDWAY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the five 4 MEDWAY 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
2018 14 DEC	£242,000	£261,693	8% below HPI
2013 16 AUG	£143,000	£179,186	20% below HPI
2007 5 SEP	£164,995	£201,332	18% below HPI
2004 13 AUG	£154,000	£174,726	12% below HPI
1998 19 AUG	£59,500	£70,101	15% below HPI

4 MEDWAY 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 five 4 MEDWAY CLOSE sales between August 1998 and December 2018 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 2013 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2018 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 4 MEDWAY CLOSE be worth now?

4 MEDWAY CLOSE might now be worth an estimated £291,087.

This is based on house price inflation of 20.3%, between December 2018 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 20.3% inflationary increase is applied to the most recent sale price for 4 MEDWAY CLOSE of £242,000 on 14th December 2018. For the value to have increased from £242,000 to £291,087 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 MEDWAY CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The December 2018 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MEDWAY CLOSE has not materially changed since December 2018.

How Large is 4 MEDWAY CLOSE?

4 MEDWAY CLOSE is 106m² according to the EPC inspection conducted in May 2013. This puts it in the largest 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 4 MEDWAY CLOSE lies on this distribution: 55% of detached houses houses are smaller than 4 MEDWAY CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

4 MEDWAY CLOSE: Plot and Title Map

4 MEDWAY CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 4 MEDWAY 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 4 MEDWAY 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 4 MEDWAY CLOSE?

4 MEDWAY CLOSE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 4 on MEDWAY CLOSE.