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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE PATCH is a very small extended detached house of 63m², built sometime between 1950 and 1966, which could now be worth an estimated £175,812. It was last sold for £113,800 in March 2015, which was around 43% 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	£200,232	43% below HPI
2010 24 SEP	£95,000	£174,091	45% 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 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2015 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might THE PATCH be worth now?

THE PATCH might now be worth an estimated £175,812.

This is based on house price inflation of 54.5%, between March 2015 and December 2024, 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 54.5% inflationary increase is applied to the most recent sale price for THE PATCH of £113,800 on 20th March 2015. For the value to have increased from £113,800 to £175,812 over the eight years and three months to December 2024, the following assumptions must hold true:

• The value of THE PATCH has moved in line with the HPI for detached houses in the Fenland local authority area.
• The March 2015 sale price of £113,800 represented a fair market value for the property.
• The size, condition, and specification of THE PATCH has not materially changed since March 2015.

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 houses in Leverington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leverington, and where THE PATCH lies on this distribution: 12% of detached houses 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.