WILLOW LODGE, THE BANK, PARSON DROVE, WISBECH, PE13 4JD - £285,000

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

WILLOW LODGE is a very large detached house of 196m², built sometime between 1996 and 2002. It was last sold for £285,000 in June 2016, which was around 30% above the average June 2016 detached price in the Fenland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

WILLOW LODGE Sold Prices

Land registry data shows two sales for WILLOW LODGE 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 WILLOW LODGE sales were for above 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
2016 24 JUN	£285,000	£218,812	30% above HPI
2014 22 SEP	£265,000	£189,662	40% above HPI

WILLOW LODGE 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 WILLOW LODGE sales from September 2014 and June 2016 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 2014 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the June 2016 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is WILLOW LODGE?

WILLOW LODGE is 196m² according to the EPC inspection conducted in April 2013. This puts it in the largest 20% of detached houses in Parson Drove, based on EPC data. The below chart shows the distribution of detached houses by size in Parson Drove, and where WILLOW LODGE lies on this distribution: 87% of detached houses are smaller than WILLOW LODGE, and 13% of houses are larger. Note that EPC data is not available for all properties in Parson Drove.

WILLOW LODGE: Plot and Title Map

WILLOW LODGE sits on a plot of roughly 0.220 of an acre, or 892m². The below map shows the location of WILLOW LODGE, 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 WILLOW LODGE). 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 WILLOW LODGE?

WILLOW LODGE is located on THE BANK in PARSON DROVE, in the PE13 postcode district. The below map shows the position of WILLOW LODGE on THE BANK.