WATERSMEET, HORSESHOE TERRACE, WISBECH, PE13 1PU - £258,000

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

WATERSMEET is a small detached house of 76m², built sometime between 1950 and 1966. It was last sold for £258,000 in November 2022, which was around 20% below the average November 2022 detached price in the Fenland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

WATERSMEET Sold Prices

Land registry data shows three sales for WATERSMEET 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 WATERSMEET 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
2022 11 NOV	£258,000	£323,853	20% below HPI
2006 29 SEP	£154,995	£181,732	15% below HPI
2003 3 MAR	£75,000	£136,135	45% below HPI

WATERSMEET 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 WATERSMEET sales between March 2003 and November 2022 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 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is WATERSMEET?

WATERSMEET is 76m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 30% of detached houses in Wisbech, based on EPC data. The below chart shows the distribution of detached houses by size in Wisbech, and where WATERSMEET lies on this distribution: 24% of detached houses are smaller than WATERSMEET, and 75% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

WATERSMEET: Plot and Title Map

WATERSMEET sits on a plot of roughly 0.138 of an acre, or 557m². The below map shows the location of WATERSMEET, 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 WATERSMEET). 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 WATERSMEET?

WATERSMEET is located on HORSESHOE TERRACE in WISBECH, in the PE13 postcode district. The below map shows the position of WATERSMEET on HORSESHOE TERRACE.