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

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 REEDMACE CLOSE is a very small detached house of 68m², built sometime between 1967 and 1975. 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	£307,117	24% below HPI
2009 27 AUG	£155,000	£193,792	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.

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 in Newborough, based on EPC data. The below chart shows the distribution of detached houses by size in Newborough, and where 8 REEDMACE CLOSE lies on this distribution: 9% of detached houses are smaller than 8 REEDMACE CLOSE, and 91% 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 0.094 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.