8, REEDMACE CLOSE, NEWBOROUGH, PETERBOROUGH, PE6 7QS - £232,000

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.

8 REEDMACE CLOSE is a very small detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £281,502. It was last sold for £232,000 in January 2019, which was around 24% below the average January 2019 detached price in the City of Peterborough local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

8 REEDMACE CLOSE Sold Prices

Land registry data shows two sales for 8 REEDMACE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. Both of the two 8 REEDMACE 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
2019 25 JAN	£232,000	£307,123	24% below HPI
2009 27 AUG	£155,000	£193,796	20% below HPI

8 REEDMACE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The two 8 REEDMACE CLOSE sales from August 2009 and January 2019 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 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2019 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 8 REEDMACE CLOSE be worth now?

8 REEDMACE CLOSE might now be worth an estimated £281,502.

This is based on house price inflation of 21.3%, between January 2019 and February 2025, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.3% inflationary increase is applied to the most recent sale price for 8 REEDMACE CLOSE of £232,000 on 25th January 2019. For the value to have increased from £232,000 to £281,502 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 REEDMACE CLOSE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The January 2019 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 8 REEDMACE CLOSE has not materially changed since January 2019.

How Large is 8 REEDMACE CLOSE?

8 REEDMACE CLOSE is 68m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% of detached houses houses in Newborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newborough, and where 8 REEDMACE CLOSE lies on this distribution: 9% of detached houses houses are smaller than 8 REEDMACE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Newborough.

8 REEDMACE CLOSE: Plot and Title Map

8 REEDMACE CLOSE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 8 REEDMACE 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 REEDMACE 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 REEDMACE CLOSE?

8 REEDMACE CLOSE is located in NEWBOROUGH, in the PE6 postcode district. The below map shows the position of No. 8 on REEDMACE CLOSE.