54, LODE WAY, CHATTERIS, PE16 6TN - £175,000

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

54 LODE WAY is a very small detached house of 45m², built sometime between 1976 and 1982. It was last sold for £175,000 in March 2021, which was around 34% below the average March 2021 detached price in the Fenland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

54 LODE WAY Sold Prices

Land registry data shows two sales for 54 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 54 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
2021 16 MAR	£175,000	£263,787	34% below HPI
1998 29 MAY	£46,000	£64,980	29% below HPI

54 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 54 LODE WAY sales from May 1998 and March 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 May 1998 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 54 LODE WAY?

54 LODE WAY is 45m² according to the EPC inspection conducted in March 2020. 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 54 LODE WAY lies on this distribution: 1% of detached houses are smaller than 54 LODE WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

54 LODE WAY: Plot and Title Map

54 LODE WAY sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 54 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 54 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 54 LODE WAY?

54 LODE WAY is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 54 on LODE WAY.