8, ELM CLOSE, MARCH, PE15 8PD - £307,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 ELM CLOSE is a large extended detached house of 121m², built sometime between 1976 and 1982, which could now be worth an estimated £297,735. It was last sold for £307,500 in August 2023, which was around 4% below the average August 2023 detached price in the Fenland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

8 ELM CLOSE Sold Prices

Land registry data shows four sales for 8 ELM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. The four 8 ELM CLOSE sales were a mix of below the average price, and roughly equal to 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 18 AUG	£307,500	£319,488	4% below HPI
2018 28 AUG	£247,500	£255,542	3% below HPI
2006 6 OCT	£165,000	£185,406	11% below HPI
2002 1 OCT	£127,000	£126,999	Close to HPI

8 ELM 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 four 8 ELM CLOSE sales between October 2002 and August 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 August 2018 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2023 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 8 ELM CLOSE be worth now?

8 ELM CLOSE might now be worth an estimated £297,735.

This is based on house price deflation of 3.2%, between August 2023 and December 2024, 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 3.2% deflationary decrease is applied to the most recent sale price for 8 ELM CLOSE of £307,500 on 18th August 2023. For the value to have decreased from £307,500 to £297,735 over the eight months to December 2024, the following assumptions must hold true:

• The value of 8 ELM CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The August 2023 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 8 ELM CLOSE has not materially changed since August 2023.

How Large is 8 ELM CLOSE?

8 ELM CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 30% of detached houses houses in March, based on EPC data. The below chart shows the distribution of detached houses houses by size in March, and where 8 ELM CLOSE lies on this distribution: 70% of detached houses houses are smaller than 8 ELM CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in March.

8 ELM CLOSE: Plot and Title Map

8 ELM CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 8 ELM 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 8 ELM 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 8 ELM CLOSE?

8 ELM CLOSE is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 8 on ELM CLOSE.