THE FERNS, SILVERS LANE, MURROW, WISBECH, PE13 4JJ - £210,000

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.

THE FERNS is a small detached house of 96m², built sometime between 1991 and 1995, which could now be worth an estimated £247,456. It was last sold for £210,000 in July 2020, which was around 21% below the average July 2020 detached price in the Fenland local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was B.

THE FERNS Sold Prices

Land registry data shows five sales for THE FERNS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the five THE FERNS 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
2020 30 JUL	£210,000	£267,129	21% below HPI
2018 23 NOV	£188,500	£260,324	28% below HPI
2006 3 JUL	£155,000	£186,263	17% below HPI
2005 9 FEB	£154,995	£175,954	12% below HPI
2002 5 AUG	£90,000	£121,471	26% below HPI

THE FERNS 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 five THE FERNS sales between August 2002 and July 2020 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 November 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2020 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might THE FERNS be worth now?

THE FERNS might now be worth an estimated £247,456.

This is based on house price inflation of 17.8%, between July 2020 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 17.8% inflationary increase is applied to the most recent sale price for THE FERNS of £210,000 on 30th July 2020. For the value to have increased from £210,000 to £247,456 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of THE FERNS has moved in line with the HPI for detached houses in the Fenland local authority area.
• The July 2020 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of THE FERNS has not materially changed since July 2020.

How Large is THE FERNS?

THE FERNS is 96m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of detached houses houses in Murrow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Murrow, and where THE FERNS lies on this distribution: 36% of detached houses houses are smaller than THE FERNS, and 62% of houses are larger. Note that EPC data is not available for all properties in Murrow.

THE FERNS: Plot and Title Map

THE FERNS sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of THE FERNS, 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 THE FERNS). 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 THE FERNS?

THE FERNS is located on SILVERS LANE in MURROW, in the PE13 postcode district. The below map shows the position of THE FERNS on SILVERS LANE.