5A, NEW PARK, MARCH, PE15 8RT - £230,000

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

5A NEW PARK is a very small detached house of 57m², built sometime between 2003 and 2006. It was last sold for £230,000 in April 2024, which was around 23% below the average April 2024 detached price in the Fenland local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

5A NEW PARK Sold Prices

Land registry data shows two sales for 5A NEW PARK 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 5A NEW PARK 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
2024 2 APR	£230,000	£300,419	23% below HPI
2017 15 DEC	£175,000	£243,808	28% below HPI

5A NEW PARK 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 5A NEW PARK sales from December 2017 and April 2024 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 December 2017 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2024 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 5A NEW PARK?

5A NEW PARK is 57m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 10% of detached houses in March, based on EPC data. The below chart shows the distribution of detached houses by size in March, and where 5A NEW PARK lies on this distribution: 3% of detached houses are smaller than 5A NEW PARK, and 96% of houses are larger. Note that EPC data is not available for all properties in March.

5A NEW PARK: Plot and Title Map

5A NEW PARK sits on a plot of roughly 0.087 of an acre, or 350m². The below map shows the location of 5A NEW PARK, 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 5A NEW PARK). 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 5A NEW PARK?

5A NEW PARK is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 5A on NEW PARK.