4, SMART CLOSE, MANEA, MARCH, PE15 0NG - £450,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 SMART CLOSE is a very large detached house of 198m², built in 2021. It was last sold for £450,000 in December 2022, which was around 40% above the average December 2022 detached price in the Fenland local authority area. The most recent EPC inspection was December 2021, where the current energy rating was B, and the potential energy rating was B.

4 SMART CLOSE Sold Prices

Land registry data shows two sales for 4 SMART 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 SMART CLOSE sales were 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
2022 16 DEC	£450,000	£322,396	40% above HPI
2022 5 JAN	£420,000	£300,362	40% above HPI

4 SMART 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 SMART CLOSE sales from January 2022 and December 2022 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 January 2022 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the December 2022 sale, which was also at 40% above the HPI.

How Large is 4 SMART CLOSE?

4 SMART CLOSE is 198m² according to the EPC inspection conducted in December 2021. This puts it in the largest 10% of detached houses in Manea, based on EPC data. The below chart shows the distribution of detached houses by size in Manea, and where 4 SMART CLOSE lies on this distribution: 91% of detached houses are smaller than 4 SMART CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Manea.

4 SMART CLOSE: Plot and Title Map

4 SMART CLOSE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 4 SMART 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 SMART 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 SMART CLOSE?

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