4, REED WAY, FRIDAY BRIDGE, WISBECH, PE14 0JG - £135,000

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

4 REED WAY is a small detached house of 68m², built sometime between 1996 and 2002, which could now be worth an estimated £131,634. It was last sold for £135,000 in May 2023, which was around 57% below the average May 2023 detached price in the Fenland local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

4 REED WAY Sold Prices

Land registry data shows two sales for 4 REED WAY 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 4 REED WAY 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
2023 23 MAY	£135,000	£317,251	57% below HPI
2004 26 MAR	£109,000	£161,243	32% below HPI

4 REED WAY 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 4 REED WAY sales from March 2004 and May 2023 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 March 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2023 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 4 REED WAY be worth now?

4 REED WAY might now be worth an estimated £131,634.

This is based on house price deflation of 2.5%, between May 2023 and December 2024, 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 2.5% deflationary decrease is applied to the most recent sale price for 4 REED WAY of £135,000 on 23rd May 2023. For the value to have decreased from £135,000 to £131,634 over the five months to December 2024, the following assumptions must hold true:

• The value of 4 REED WAY has moved in line with the HPI for detached houses in the Fenland local authority area.
• The May 2023 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 4 REED WAY has not materially changed since May 2023.

How Large is 4 REED WAY?

4 REED WAY is 68m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% of detached houses houses in Friday Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Friday Bridge, and where 4 REED WAY lies on this distribution: 28% of detached houses houses are smaller than 4 REED WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Friday Bridge.

4 REED WAY: Plot and Title Map

4 REED WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 4 REED WAY, 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 REED WAY). 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 REED WAY?

4 REED WAY is located in FRIDAY BRIDGE, in the PE14 postcode district. The below map shows the position of No. 4 on REED WAY.