5, LODE WAY, CHATTERIS, PE16 6TN - £215,000

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

5 LODE WAY is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £215,000 in October 2020, which was around 17% below the average October 2020 detached price in the Fenland local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

5 LODE WAY Sold Prices

Land registry data shows two sales for 5 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 5 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
2020 2 OCT	£215,000	£257,495	17% below HPI
1997 26 SEP	£55,000	£60,475	9% below HPI

5 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 5 LODE WAY sales from September 1997 and October 2020 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 September 1997 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 5 LODE WAY?

5 LODE WAY is 70m² according to the EPC inspection conducted in January 2019. 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 5 LODE WAY lies on this distribution: 8% of detached houses are smaller than 5 LODE WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

5 LODE WAY: Plot and Title Map

5 LODE WAY sits on a plot of roughly 0.092 of an acre, or 370m². The below map shows the location of 5 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 5 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 5 LODE WAY?

5 LODE WAY is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 5 on LODE WAY.