42, LODE WAY, CHATTERIS, PE16 6TN - £220,000

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

42 LODE WAY is a very small detached house of 41m², built sometime between 1991 and 1995. It was last sold for £220,000 in November 2023, which was around 28% below the average November 2023 detached price in the Fenland local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

42 LODE WAY Sold Prices

Land registry data shows two sales for 42 LODE 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 42 LODE 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 24 NOV	£220,000	£306,720	28% below HPI
2007 26 APR	£144,000	£193,262	25% below HPI

42 LODE 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 42 LODE WAY sales from April 2007 and November 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 April 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2023 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 42 LODE WAY?

42 LODE WAY is 41m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses in Chatteris, based on EPC data. The below chart shows the distribution of detached houses by size in Chatteris, and where 42 LODE WAY lies on this distribution: Less than 1% of detached houses are smaller than 42 LODE WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

42 LODE WAY: Plot and Title Map

42 LODE WAY sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 42 LODE 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 42 LODE 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 42 LODE WAY?

42 LODE WAY is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 42 on LODE WAY.