CHERRY TREES, RINGERS LANE, LEVERINGTON, WISBECH, PE13 5BQ - £229,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CHERRY TREES is a very large detached house of 161m², built sometime between 1996 and 2002, which could now be worth an estimated £323,154. It was last sold for £229,000 in March 2016, which was around 4% above the average March 2016 detached price in the Fenland local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. Both of the two CHERRY TREES sales were for above 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
2016 31 MAR	£229,000	£219,212	4% above HPI
2002 7 AUG	£154,995	£121,471	28% above HPI

CHERRY TREES 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 two CHERRY TREES sales from August 2002 and March 2016 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 2002 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the March 2016 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might CHERRY TREES be worth now?

CHERRY TREES might now be worth an estimated £323,154.

This is based on house price inflation of 41.1%, between March 2016 and December 2024, 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 41.1% inflationary increase is applied to the most recent sale price for CHERRY TREES of £229,000 on 31st March 2016. For the value to have increased from £229,000 to £323,154 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of CHERRY TREES has moved in line with the HPI for detached houses in the Fenland local authority area.
• The March 2016 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY TREES has not materially changed since March 2016.

How Large is CHERRY TREES?

CHERRY TREES is 161m² according to the EPC inspection conducted in June 2013. This puts it in the largest 20% of detached houses houses in Leverington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leverington, and where CHERRY TREES lies on this distribution: 87% of detached houses houses are smaller than CHERRY TREES, and 13% of houses are larger. Note that EPC data is not available for all properties in Leverington.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on RINGERS LANE in LEVERINGTON, in the PE13 postcode district. The below map shows the position of CHERRY TREES on RINGERS LANE.