GLEBE LODGE, ELBOW LANE, PARSON DROVE, WISBECH, PE13 4LG - £700,000

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

GLEBE LODGE is a large extended detached house of 160m², built sometime between 1996 and 2002. It was last sold for £700,000 in December 2023, which was around 133% above the average December 2023 detached price in the Fenland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was B, and the potential energy rating was A.

GLEBE LODGE Sold Prices

Land registry data shows four sales for GLEBE LODGE 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 GLEBE LODGE 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
2023 12 DEC	£700,000	£300,063	133% above HPI
2021 30 JUN	£675,000	£271,412	149% above HPI
2004 30 JUL	£375,000	£165,109	127% above HPI
2002 8 FEB	£225,000	£106,018	112% above HPI

GLEBE LODGE 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 GLEBE LODGE sales between February 2002 and December 2023 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 June 2021 sale was for 149% above the HPI. So the extrapolation line tracks at 149% above the HPI over time, until the December 2023 sale, where it falls to 133% above the HPI. The line then continues to track at 133% above the HPI.

How Large is GLEBE LODGE?

GLEBE LODGE is 160m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 30% of detached houses in Parson Drove, based on EPC data. The below chart shows the distribution of detached houses by size in Parson Drove, and where GLEBE LODGE lies on this distribution: 71% of detached houses are smaller than GLEBE LODGE, and 29% of houses are larger. Note that EPC data is not available for all properties in Parson Drove.

GLEBE LODGE: Plot and Title Map

GLEBE LODGE sits on a plot of roughly 3.2 acres, or 13,115m². The below map shows the location of GLEBE LODGE, 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 GLEBE LODGE). 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 GLEBE LODGE?

GLEBE LODGE is located on ELBOW LANE in PARSON DROVE, in the PE13 postcode district. The below map shows the position of GLEBE LODGE on ELBOW LANE.