5, SPRING DRIVE, FARCET, PETERBOROUGH, PE7 3AJ - £280,000

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 SPRING DRIVE is a very small detached house of 79m², built sometime between 1996 and 2002. It was last sold for £280,000 in July 2023, which was around 41% below the average July 2023 detached price in the Huntingdonshire local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

5 SPRING DRIVE Sold Prices

Land registry data shows seven sales for 5 SPRING DRIVE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Huntingdonshire local authority area for the corresponding sale date. All of the seven 5 SPRING DRIVE 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 14 JUL	£280,000	£475,089	41% below HPI
2021 23 MAR	£240,000	£409,474	41% below HPI
2018 14 NOV	£205,000	£402,930	49% below HPI
2005 3 OCT	£170,000	£251,249	32% below HPI
2001 31 OCT	£102,000	£156,977	35% below HPI
1999 10 MAY	£63,500	£107,427	41% below HPI
1997 24 OCT	£59,000	£96,319	39% below HPI

5 SPRING DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Huntingdonshire local authority area over time, sourced from the HPI. The seven 5 SPRING DRIVE sales between October 1997 and July 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 March 2021 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the July 2023 sale, which was also at 41% below the HPI.

How Large is 5 SPRING DRIVE?

5 SPRING DRIVE is 79m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 20% of detached houses in Farcet, based on EPC data. The below chart shows the distribution of detached houses by size in Farcet, and where 5 SPRING DRIVE lies on this distribution: 18% of detached houses are smaller than 5 SPRING DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Farcet.

5 SPRING DRIVE: Plot and Title Map

5 SPRING DRIVE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 5 SPRING DRIVE, 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 SPRING DRIVE). 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 SPRING DRIVE?

5 SPRING DRIVE is located in FARCET, in the PE7 postcode district. The below map shows the position of No. 5 on SPRING DRIVE.