8, MILL CLOSE, MURROW, WISBECH, PE13 4HX - £235,000

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

8 MILL CLOSE is a small extended detached house of 99m², built sometime between 1983 and 1990. It was last sold for £235,000 in March 2021, which was around 11% below the average March 2021 detached price in the Fenland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

8 MILL CLOSE Sold Prices

Land registry data shows four sales for 8 MILL 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. All of the four 8 MILL 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
2021 26 MAR	£235,000	£263,787	11% below HPI
2014 8 OCT	£149,950	£189,399	21% below HPI
2007 20 JUL	£149,995	£192,508	22% below HPI
1997 17 FEB	£37,000	£56,695	35% below HPI

8 MILL 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 MILL CLOSE sales between February 1997 and March 2021 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 October 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 8 MILL CLOSE?

8 MILL CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 40% of detached houses in Murrow, based on EPC data. The below chart shows the distribution of detached houses by size in Murrow, and where 8 MILL CLOSE lies on this distribution: 39% of detached houses are smaller than 8 MILL CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Murrow.

8 MILL CLOSE: Plot and Title Map

8 MILL CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 8 MILL 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 MILL 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 MILL CLOSE?

8 MILL CLOSE is located in MURROW, in the PE13 postcode district. The below map shows the position of No. 8 on MILL CLOSE.