9, GAS ROAD, MARCH, PE15 9LU - £227,000

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.

9 GAS ROAD is a midsized extended detached house of 95m², built sometime before 1900, which could now be worth an estimated £259,575. It was last sold for £227,000 in February 2021, which was around 18% below the average February 2021 detached price in the Fenland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was C.

9 GAS ROAD Sold Prices

Land registry data shows four sales for 9 GAS ROAD 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 9 GAS ROAD 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 12 FEB	£227,000	£275,273	18% below HPI
2016 24 AUG	£170,000	£228,374	26% below HPI
2015 29 OCT	£110,000	£208,793	47% below HPI
2005 18 NOV	£152,500	£179,480	15% below HPI

9 GAS ROAD 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 9 GAS ROAD sales between November 2005 and February 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 August 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 9 GAS ROAD be worth now?

9 GAS ROAD might now be worth an estimated £259,575.

This is based on house price inflation of 14.4%, between February 2021 and February 2025, 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 14.4% inflationary increase is applied to the most recent sale price for 9 GAS ROAD of £227,000 on 12th February 2021. For the value to have increased from £227,000 to £259,575 over the four years to February 2025, the following assumptions must hold true:

• The value of 9 GAS ROAD has moved in line with the HPI for detached houses in the Fenland local authority area.
• The February 2021 sale price of £227,000 represented a fair market value for the property.
• The size, condition, and specification of 9 GAS ROAD has not materially changed since February 2021.

How Large is 9 GAS ROAD?

9 GAS ROAD is 95m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the smallest 50% 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 9 GAS ROAD lies on this distribution: 45% of detached houses houses are smaller than 9 GAS ROAD, and 54% of houses are larger. Note that EPC data is not available for all properties in March.

9 GAS ROAD: Plot and Title Map

9 GAS ROAD sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 9 GAS ROAD, 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 9 GAS ROAD). 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 9 GAS ROAD?

9 GAS ROAD is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 9 on GAS ROAD.