56, WEASENHAM LANE, WISBECH, PE13 2RU - £162,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

56 WEASENHAM LANE is a very small detached house of 63m², built sometime between 1991 and 1995, which could now be worth an estimated £198,721. It was last sold for £162,000 in March 2020, which was around 37% below the average March 2020 detached price in the Fenland local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

56 WEASENHAM LANE Sold Prices

Land registry data shows three sales for 56 WEASENHAM LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the three 56 WEASENHAM LANE 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 20 MAR	£162,000	£256,609	37% below HPI
2012 20 AUG	£125,000	£177,591	30% below HPI
2012 23 MAR	£104,500	£175,145	40% below HPI

56 WEASENHAM LANE 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 three 56 WEASENHAM LANE sales between March 2012 and March 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 August 2012 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2020 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 56 WEASENHAM LANE be worth now?

56 WEASENHAM LANE might now be worth an estimated £198,721.

This is based on house price inflation of 22.7%, between March 2020 and February 2025, for detached houses, in the Fenland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.7% inflationary increase is applied to the most recent sale price for 56 WEASENHAM LANE of £162,000 on 20th March 2020. For the value to have increased from £162,000 to £198,721 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 56 WEASENHAM LANE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The March 2020 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 56 WEASENHAM LANE has not materially changed since March 2020.

How Large is 56 WEASENHAM LANE?

56 WEASENHAM LANE is 63m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 20% of detached houses houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wisbech, and where 56 WEASENHAM LANE lies on this distribution: 13% of detached houses houses are smaller than 56 WEASENHAM LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

56 WEASENHAM LANE: Plot and Title Map

56 WEASENHAM LANE sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of 56 WEASENHAM LANE, 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 56 WEASENHAM LANE). 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 56 WEASENHAM LANE?

56 WEASENHAM LANE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 56 on WEASENHAM LANE.