8, SPRING DRIVE, FARCET, PETERBOROUGH, PE7 3AJ - £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

8 SPRING DRIVE is a small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £255,000 in January 2021, which was around 38% below the average January 2021 detached price in the Huntingdonshire local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

8 SPRING DRIVE Sold Prices

Land registry data shows three sales for 8 SPRING DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Huntingdonshire local authority area for the corresponding sale date. All of the three 8 SPRING DRIVE 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 29 JAN	£255,000	£409,917	38% below HPI
2015 13 JUL	£157,500	£321,845	51% below HPI
1997 17 OCT	£61,500	£96,319	36% below HPI

8 SPRING DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Huntingdonshire local authority area over time, sourced from the HPI. The three 8 SPRING DRIVE sales between October 1997 and January 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 July 2015 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the January 2021 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 8 SPRING DRIVE?

8 SPRING DRIVE is 80m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 30% of detached houses in Farcet, based on EPC data. The below chart shows the distribution of detached houses by size in Farcet, and where 8 SPRING DRIVE lies on this distribution: 21% of detached houses are smaller than 8 SPRING DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Farcet.

8 SPRING DRIVE: Plot and Title Map

8 SPRING DRIVE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 8 SPRING DRIVE, 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 SPRING DRIVE). 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 SPRING DRIVE?

8 SPRING DRIVE is located in FARCET, in the PE7 postcode district. The below map shows the position of No. 8 on SPRING DRIVE.