15, RICHARDS CLOSE, MARCH, PE15 8UH - £155,000

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.

15 RICHARDS CLOSE is a very small detached house of 57m², built sometime between 1991 and 1995, which could now be worth an estimated £244,229. It was last sold for £155,000 in February 2008, which was around 21% below the average February 2008 detached price in the Fenland local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

15 RICHARDS CLOSE Sold Prices

Land registry data shows three sales for 15 RICHARDS CLOSE 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 15 RICHARDS 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
2008 22 FEB	£155,000	£196,680	21% below HPI
1997 3 APR	£55,500	£60,797	9% below HPI
1995 11 DEC	£44,950	£57,462	22% below HPI

15 RICHARDS 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 three 15 RICHARDS CLOSE sales between December 1995 and February 2008 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 April 1997 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2008 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 15 RICHARDS CLOSE be worth now?

15 RICHARDS CLOSE might now be worth an estimated £244,229.

This is based on house price inflation of 57.6%, between February 2008 and April 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 57.6% inflationary increase is applied to the most recent sale price for 15 RICHARDS CLOSE of £155,000 on 22nd February 2008. For the value to have increased from £155,000 to £244,229 over the seventeen years and ten months to April 2026, the following assumptions must hold true:

• The value of 15 RICHARDS CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The February 2008 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RICHARDS CLOSE has not materially changed since February 2008.

How Large is 15 RICHARDS CLOSE?

15 RICHARDS CLOSE is 57m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses houses in March, based on EPC data. The below chart shows the distribution of detached houses houses by size in March, and where 15 RICHARDS CLOSE lies on this distribution: 3% of detached houses houses are smaller than 15 RICHARDS CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in March.

15 RICHARDS CLOSE: Plot and Title Map

15 RICHARDS CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 15 RICHARDS 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 15 RICHARDS 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 15 RICHARDS CLOSE?

15 RICHARDS CLOSE is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 15 on RICHARDS CLOSE.