16, ARMADA CLOSE, WISBECH, PE13 3QF - £63,800

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.

16 ARMADA CLOSE is a very small terraced house of 48m², built in 2010, which could now be worth an estimated £113,925. It was last sold for £63,800 in May 2011, which was around 29% below the average May 2011 terraced price in the Fenland local authority area. The most recent EPC inspection was July 2010, where the current energy rating was C, and the potential energy rating was C.

16 ARMADA CLOSE Sold Prices

Land registry data shows five sales for 16 ARMADA CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Fenland local authority area for the corresponding sale date. Most of the five 16 ARMADA 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
2011 13 MAY	£63,800	£90,212	29% below HPI
2004 22 MAR	£75,000	£79,495	6% below HPI
2001 6 APR	£38,000	£43,350	12% below HPI
1999 17 DEC	£28,000	£36,692	24% below HPI
1998 1 MAY	£60,000	£31,840	88% above HPI

16 ARMADA CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Fenland local authority area over time, sourced from the HPI. The five 16 ARMADA CLOSE sales between May 1998 and May 2011 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 March 2004 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2011 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 16 ARMADA CLOSE be worth now?

16 ARMADA CLOSE might now be worth an estimated £113,925.

This is based on house price inflation of 78.6%, between May 2011 and May 2026, for terraced 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 78.6% inflationary increase is applied to the most recent sale price for 16 ARMADA CLOSE of £63,800 on 13th May 2011. For the value to have increased from £63,800 to £113,925 over the fifteen years to May 2026, the following assumptions must hold true:

• The value of 16 ARMADA CLOSE has moved in line with the HPI for terraced houses in the Fenland local authority area.
• The May 2011 sale price of £63,800 represented a fair market value for the property.
• The size, condition, and specification of 16 ARMADA CLOSE has not materially changed since May 2011.

How Large is 16 ARMADA CLOSE?

16 ARMADA CLOSE is 48m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 10% of terraced houses houses in Wisbech, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wisbech, and where 16 ARMADA CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 16 ARMADA CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Wisbech.

16 ARMADA CLOSE: Plot and Title Map

16 ARMADA CLOSE sits on a plot of roughly 0.022 of an acre, or 89m². The below map shows the location of 16 ARMADA 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 16 ARMADA 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 16 ARMADA CLOSE?

16 ARMADA CLOSE is located in WISBECH, in the PE13 postcode district. The below map shows the position of No. 16 on ARMADA CLOSE.