12, RIVER CLOSE, BENWICK, MARCH, PE15 0XZ - £320,000

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.

12 RIVER CLOSE is a large detached house of 130m², built sometime between 1976 and 1982, which could now be worth an estimated £306,600. It was last sold for £320,000 in March 2023, which was around 2% below the average March 2023 detached price in the Fenland local authority area. The most recent EPC inspection was January 2023, where the current energy rating was E, and the potential energy rating was C.

12 RIVER CLOSE Sold Prices

Land registry data shows four sales for 12 RIVER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. Most of the four 12 RIVER CLOSE 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
2023 31 MAR	£320,000	£325,350	2% below HPI
2002 24 MAY	£112,500	£116,644	4% below HPI
1999 14 DEC	£77,000	£77,831	1% below HPI
1997 26 SEP	£67,000	£61,917	8% above HPI

12 RIVER CLOSE 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 four 12 RIVER CLOSE sales between September 1997 and March 2023 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 May 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 12 RIVER CLOSE be worth now?

12 RIVER CLOSE might now be worth an estimated £306,600.

This is based on house price deflation of 4.2%, between March 2023 and May 2026, 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 4.2% deflationary decrease is applied to the most recent sale price for 12 RIVER CLOSE of £320,000 on 31st March 2023. For the value to have decreased from £320,000 to £306,600 over the two years and ten months to May 2026, the following assumptions must hold true:

• The value of 12 RIVER CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The March 2023 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 12 RIVER CLOSE has not materially changed since March 2023.

How Large is 12 RIVER CLOSE?

12 RIVER CLOSE is 130m² according to the EPC inspection conducted in January 2023. This puts it in the largest 40% of detached houses houses in Benwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Benwick, and where 12 RIVER CLOSE lies on this distribution: 62% of detached houses houses are smaller than 12 RIVER CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Benwick.

12 RIVER CLOSE: Plot and Title Map

12 RIVER CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 12 RIVER CLOSE, 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 12 RIVER CLOSE). 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 12 RIVER CLOSE?

12 RIVER CLOSE is located in BENWICK, in the PE15 postcode district. The below map shows the position of No. 12 on RIVER CLOSE.