THE HIVE, ROMAN BANK, LEVERINGTON, WISBECH, PE13 5AR - £170,000

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 HIVE is a midsized extended detached house of 94m², built sometime between 1930 and 1949, which could now be worth an estimated £220,179. It was last sold for £170,000 in June 2017, which was around 30% below the average June 2017 detached price in the Fenland local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

THE HIVE Sold Prices

Land registry data shows three sales for THE HIVE 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 THE HIVE 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
2017 9 JUN	£170,000	£243,038	30% below HPI
2008 12 JUN	£125,000	£195,008	36% below HPI
2001 16 FEB	£35,000	£90,523	61% below HPI

THE HIVE 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 THE HIVE sales between February 2001 and June 2017 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 2008 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2017 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might THE HIVE be worth now?

THE HIVE might now be worth an estimated £220,179.

This is based on house price inflation of 29.5%, between June 2017 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 29.5% inflationary increase is applied to the most recent sale price for THE HIVE of £170,000 on 9th June 2017. For the value to have increased from £170,000 to £220,179 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of THE HIVE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The June 2017 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of THE HIVE has not materially changed since June 2017.

How Large is THE HIVE?

THE HIVE is 94m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the smallest 50% 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 THE HIVE lies on this distribution: 44% of detached houses houses are smaller than THE HIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in Leverington.

THE HIVE: Plot and Title Map

THE HIVE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of THE HIVE, 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 HIVE). 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 HIVE?

THE HIVE is located on ROMAN BANK in LEVERINGTON, in the PE13 postcode district. The below map shows the position of THE HIVE on ROMAN BANK.