18, PARK ROAD, MANEA, MARCH, PE15 0LL - £147,500

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.

18 PARK ROAD is a very small extended detached house of 69m², built sometime before 1900, which could now be worth an estimated £222,202. It was last sold for £147,500 in May 2015, which was around 29% below the average May 2015 detached price in the Fenland local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was B.

18 PARK ROAD Sold Prices

Land registry data shows two sales for 18 PARK ROAD 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 18 PARK ROAD 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
2015 21 MAY	£147,500	£206,927	29% below HPI
2006 17 MAR	£114,500	£183,379	38% below HPI

18 PARK ROAD 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 18 PARK ROAD sales from March 2006 and May 2015 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 2006 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2015 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 18 PARK ROAD be worth now?

18 PARK ROAD might now be worth an estimated £222,202.

This is based on house price inflation of 50.6%, between May 2015 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 50.6% inflationary increase is applied to the most recent sale price for 18 PARK ROAD of £147,500 on 21st May 2015. For the value to have increased from £147,500 to £222,202 over the eleven years to May 2026, the following assumptions must hold true:

• The value of 18 PARK ROAD has moved in line with the HPI for detached houses in the Fenland local authority area.
• The May 2015 sale price of £147,500 represented a fair market value for the property.
• The size, condition, and specification of 18 PARK ROAD has not materially changed since May 2015.

How Large is 18 PARK ROAD?

18 PARK ROAD is 69m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of detached houses houses in Manea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Manea, and where 18 PARK ROAD lies on this distribution: 6% of detached houses houses are smaller than 18 PARK ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Manea.

18 PARK ROAD: Plot and Title Map

18 PARK ROAD sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 18 PARK ROAD, 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 18 PARK ROAD). 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 18 PARK ROAD?

18 PARK ROAD is located in MANEA, in the PE15 postcode district. The below map shows the position of No. 18 on PARK ROAD.