7, MAGAZINE LANE, WISBECH, PE13 1LJ - £59,000

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.

7 MAGAZINE LANE is a midsized extended detached house of 107m², built sometime between 1900 and 1929, which could now be worth an estimated £259,963. It was last sold for £59,000 in December 1998, which was around 17% below the average December 1998 detached price in the Fenland local authority area. The most recent EPC inspection was October 2010, where the current energy rating was E, and the potential energy rating was D.

7 MAGAZINE LANE Sold Prices

Land registry data shows two sales for 7 MAGAZINE LANE 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. One of the two 7 MAGAZINE LANE sales was for below the average price, whilst the other was 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
1998 1 DEC	£59,000	£71,440	17% below HPI
1995 12 MAY	£64,000	£58,055	10% above HPI

7 MAGAZINE 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 two 7 MAGAZINE LANE sales from May 1995 and December 1998 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 1995 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the December 1998 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 7 MAGAZINE LANE be worth now?

7 MAGAZINE LANE might now be worth an estimated £259,963.

This is based on house price inflation of 340.6%, between December 1998 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 340.6% inflationary increase is applied to the most recent sale price for 7 MAGAZINE LANE of £59,000 on 1st December 1998. For the value to have increased from £59,000 to £259,963 over the 27 years and ten months to February 2025, the following assumptions must hold true:

• The value of 7 MAGAZINE LANE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The December 1998 sale price of £59,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MAGAZINE LANE has not materially changed since December 1998.

How Large is 7 MAGAZINE LANE?

7 MAGAZINE LANE is 107m², which includes two extensions, according to the EPC inspection conducted in October 2010. This puts it in the largest 50% 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 7 MAGAZINE LANE lies on this distribution: 57% of detached houses houses are smaller than 7 MAGAZINE LANE, and 43% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

7 MAGAZINE LANE: Plot and Title Map

7 MAGAZINE LANE sits on a plot of roughly 0.287 of an acre, or 1,160m². The below map shows the location of 7 MAGAZINE 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 MAGAZINE 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 MAGAZINE LANE?

7 MAGAZINE LANE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 7 on MAGAZINE LANE.