THE PATCH, ROMAN BANK, LEVERINGTON, WISBECH, PE13 5AW - £113,800

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

THE PATCH is a very small extended detached house of 63m², built sometime between 1950 and 1966. It was last sold for £113,800 in March 2015, which was around 42% below the average March 2015 detached price in the Fenland local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

THE PATCH Sold Prices

Land registry data shows two sales for THE PATCH 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 THE PATCH 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
2015 20 MAR	£113,800	£195,569	42% below HPI
2010 24 SEP	£95,000	£170,037	44% below HPI

THE PATCH 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 THE PATCH sales from September 2010 and March 2015 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 September 2010 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the March 2015 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is THE PATCH?

THE PATCH is 63m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 20% of detached houses in Leverington, based on EPC data. The below chart shows the distribution of detached houses by size in Leverington, and where THE PATCH lies on this distribution: 12% of detached houses are smaller than THE PATCH, and 87% of houses are larger. Note that EPC data is not available for all properties in Leverington.

THE PATCH: Plot and Title Map

THE PATCH sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of THE PATCH, 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 PATCH). 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 PATCH?

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