7, HONEY LANE, CHATTERIS, PE16 6LG - £402,750

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.

7 HONEY LANE is a very large detached house of 200m², built sometime between 2003 and 2006, which could now be worth an estimated £423,742. It was last sold for £402,750 in November 2021, which was around 35% above the average November 2021 detached price in the Fenland local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was C.

7 HONEY LANE Sold Prices

Land registry data shows three sales for 7 HONEY 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 7 HONEY LANE sales were for above 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 9 NOV	£402,750	£299,181	35% above HPI
2019 11 DEC	£350,000	£260,828	34% above HPI
2003 8 AUG	£202,500	£149,168	36% above HPI

7 HONEY 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 7 HONEY LANE sales between August 2003 and November 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 December 2019 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the November 2021 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 7 HONEY LANE be worth now?

7 HONEY LANE might now be worth an estimated £423,742.

This is based on house price inflation of 5.2%, between November 2021 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 5.2% inflationary increase is applied to the most recent sale price for 7 HONEY LANE of £402,750 on 9th November 2021. For the value to have increased from £402,750 to £423,742 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 HONEY LANE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The November 2021 sale price of £402,750 represented a fair market value for the property.
• The size, condition, and specification of 7 HONEY LANE has not materially changed since November 2021.

How Large is 7 HONEY LANE?

7 HONEY LANE is 200m² according to the EPC inspection conducted in October 2018. This puts it in the largest 10% of detached houses houses in Chatteris, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chatteris, and where 7 HONEY LANE lies on this distribution: 93% of detached houses houses are smaller than 7 HONEY LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

7 HONEY LANE: Plot and Title Map

7 HONEY LANE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 7 HONEY 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 7 HONEY 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 7 HONEY LANE?

7 HONEY LANE is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 7 on HONEY LANE.