7, PETTS CLOSE, WISBECH, PE13 3QE - £112,000

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

7 PETTS CLOSE is a very small detached house of 58m², built sometime between 1996 and 2002. It was last sold for £112,000 in May 2011, which was around 33% below the average May 2011 detached price in the Fenland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was A.

7 PETTS CLOSE Sold Prices

Land registry data shows five sales for 7 PETTS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. Most of the five 7 PETTS CLOSE 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
2011 24 MAY	£112,000	£167,459	33% below HPI
2009 10 JUL	£199,995	£160,159	25% above HPI
2004 17 FEB	£123,000	£157,336	22% below HPI
2002 18 JAN	£67,000	£105,426	36% below HPI
1997 18 JUN	£52,500	£58,307	10% below HPI

7 PETTS CLOSE 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 five 7 PETTS CLOSE sales between June 1997 and May 2011 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 July 2009 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2011 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 7 PETTS CLOSE?

7 PETTS CLOSE is 58m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 10% of detached houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses by size in Wisbech, and where 7 PETTS CLOSE lies on this distribution: 5% of detached houses are smaller than 7 PETTS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

7 PETTS CLOSE: Plot and Title Map

7 PETTS CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 7 PETTS CLOSE, 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 PETTS CLOSE). 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 PETTS CLOSE?

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