40, PETTS CLOSE, WISBECH, PE13 3QE - £225,000

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

40 PETTS CLOSE is a small extended detached house of 89m², built sometime between 1996 and 2002. It was last sold for £225,000 in February 2021, which was around 16% below the average February 2021 detached price in the Fenland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

40 PETTS CLOSE Sold Prices

Land registry data shows five sales for 40 PETTS 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. The five 40 PETTS CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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 9 FEB	£225,000	£268,861	16% below HPI
2009 6 NOV	£144,000	£165,306	13% below HPI
2002 3 SEP	£123,500	£120,879	2% above HPI
2000 14 JUL	£88,000	£81,524	8% above HPI
1998 3 JUL	£68,000	£67,826	Close to HPI

40 PETTS 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 40 PETTS CLOSE sales between July 1998 and February 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 November 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2021 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 40 PETTS CLOSE?

40 PETTS CLOSE is 89m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 40% of detached houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses by size in Wisbech, and where 40 PETTS CLOSE lies on this distribution: 36% of detached houses are smaller than 40 PETTS CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

40 PETTS CLOSE: Plot and Title Map

40 PETTS CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 40 PETTS 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 40 PETTS 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 40 PETTS CLOSE?

40 PETTS CLOSE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 40 on PETTS CLOSE.