7, MORLEY WAY, WIMBLINGTON, MARCH, PE15 0NR - £235,000

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 MORLEY WAY is a small detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £280,584. It was last sold for £235,000 in October 2020, which was around 11% below the average October 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.

7 MORLEY WAY Sold Prices

Land registry data shows two sales for 7 MORLEY 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 7 MORLEY 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
2020 8 OCT	£235,000	£263,636	11% below HPI
2002 1 NOV	£129,000	£132,572	3% below HPI

7 MORLEY 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 7 MORLEY WAY sales from November 2002 and October 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 November 2002 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the October 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 7 MORLEY WAY be worth now?

7 MORLEY WAY might now be worth an estimated £280,584.

This is based on house price inflation of 19.4%, between October 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 19.4% inflationary increase is applied to the most recent sale price for 7 MORLEY WAY of £235,000 on 8th October 2020. For the value to have increased from £235,000 to £280,584 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 MORLEY WAY has moved in line with the HPI for detached houses in the Fenland local authority area.
• The October 2020 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MORLEY WAY has not materially changed since October 2020.

How Large is 7 MORLEY WAY?

7 MORLEY WAY is 92m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 40% of detached houses houses in Wimblington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wimblington, and where 7 MORLEY WAY lies on this distribution: 30% of detached houses houses are smaller than 7 MORLEY WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Wimblington.

7 MORLEY WAY: Plot and Title Map

7 MORLEY WAY sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 7 MORLEY 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 7 MORLEY 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 7 MORLEY WAY?

7 MORLEY WAY is located in WIMBLINGTON, in the PE15 postcode district. The below map shows the position of No. 7 on MORLEY WAY.