4, RICHARDS CLOSE, MARCH, PE15 8UH - £163,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

4 RICHARDS CLOSE is a very small detached house of 58m², built sometime between 1991 and 1995. It was last sold for £163,000 in July 2015, which was around 19% below the average July 2015 detached price in the Fenland local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

4 RICHARDS CLOSE Sold Prices

Land registry data shows two sales for 4 RICHARDS CLOSE 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 RICHARDS 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
2015 14 JUL	£163,000	£202,090	19% below HPI
1996 3 JUN	£49,950	£56,611	12% below HPI

4 RICHARDS 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 two 4 RICHARDS CLOSE sales from June 1996 and July 2015 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 1996 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2015 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 4 RICHARDS CLOSE?

4 RICHARDS CLOSE is 58m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of detached houses in March, based on EPC data. The below chart shows the distribution of detached houses by size in March, and where 4 RICHARDS CLOSE lies on this distribution: 4% of detached houses are smaller than 4 RICHARDS CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in March.

4 RICHARDS CLOSE: Plot and Title Map

4 RICHARDS CLOSE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 4 RICHARDS 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 RICHARDS 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 RICHARDS CLOSE?

4 RICHARDS CLOSE is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 4 on RICHARDS CLOSE.