7, TEACHERS CLOSE, MANEA, MARCH, PE15 0HL - £255,000

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 TEACHERS CLOSE is a very small detached house of 79m², built sometime between 2003 and 2006. It was last sold for £255,000 in May 2023, which was around 18% below the average May 2023 detached price in the Fenland local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

7 TEACHERS CLOSE Sold Prices

Land registry data shows three sales for 7 TEACHERS CLOSE 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 TEACHERS 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
2023 17 MAY	£255,000	£309,862	18% below HPI
2007 28 JUN	£164,000	£190,244	14% below HPI
2003 27 MAR	£103,000	£136,135	24% below HPI

7 TEACHERS 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 three 7 TEACHERS CLOSE sales between March 2003 and May 2023 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 June 2007 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 7 TEACHERS CLOSE?

7 TEACHERS CLOSE is 79m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 20% of detached houses in Manea, based on EPC data. The below chart shows the distribution of detached houses by size in Manea, and where 7 TEACHERS CLOSE lies on this distribution: 15% of detached houses are smaller than 7 TEACHERS CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Manea.

7 TEACHERS CLOSE: Plot and Title Map

7 TEACHERS CLOSE sits on a plot of roughly 0.058 of an acre, or 237m². The below map shows the location of 7 TEACHERS 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 TEACHERS 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 TEACHERS CLOSE?

7 TEACHERS CLOSE is located in MANEA, in the PE15 postcode district. The below map shows the position of No. 7 on TEACHERS CLOSE.