FENCROFT, MAGAZINE LANE, WISBECH, PE13 1LJ - £175,000

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

FENCROFT is a small extended detached house of 83m², built sometime between 1900 and 1929. It was last sold for £175,000 in March 2016, which was around 18% below the average March 2016 detached price in the Fenland local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was B.

FENCROFT Sold Prices

Land registry data shows three sales for FENCROFT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the three FENCROFT 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
2016 1 MAR	£175,000	£214,106	18% below HPI
2015 1 MAY	£99,995	£202,107	51% below HPI
1996 7 JUN	£41,500	£56,611	27% below HPI

FENCROFT 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 three FENCROFT sales between June 1996 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 May 2015 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2016 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is FENCROFT?

FENCROFT is 83m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 40% of detached houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses by size in Wisbech, and where FENCROFT lies on this distribution: 30% of detached houses are smaller than FENCROFT, and 69% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

FENCROFT: Plot and Title Map

FENCROFT sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of FENCROFT, 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 FENCROFT). 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 FENCROFT?

FENCROFT is located on MAGAZINE LANE in WISBECH, in the PE13 postcode district. The below map shows the position of FENCROFT on MAGAZINE LANE.