2, FAIRFAX WAY, MARCH, PE15 9HP - £305,000

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.

2 FAIRFAX WAY is a large extended detached house of 121m², built sometime between 1983 and 1990, which could now be worth an estimated £342,934. It was last sold for £305,000 in December 2020, which was around 12% above the average December 2020 detached price in the Fenland local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

2 FAIRFAX WAY Sold Prices

Land registry data shows three sales for 2 FAIRFAX WAY 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 2 FAIRFAX WAY 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
2020 16 DEC	£305,000	£271,520	12% above HPI
2015 2 JUL	£229,000	£206,909	11% above HPI
1998 6 NOV	£72,000	£71,148	1% above HPI

2 FAIRFAX WAY 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 2 FAIRFAX WAY sales between November 1998 and December 2020 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 July 2015 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the December 2020 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 FAIRFAX WAY be worth now?

2 FAIRFAX WAY might now be worth an estimated £342,934.

This is based on house price inflation of 12.4%, between December 2020 and July 2025, 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 12.4% inflationary increase is applied to the most recent sale price for 2 FAIRFAX WAY of £305,000 on 16th December 2020. For the value to have increased from £305,000 to £342,934 over the five years and five months to July 2025, the following assumptions must hold true:

• The value of 2 FAIRFAX WAY has moved in line with the HPI for detached houses in the Fenland local authority area.
• The December 2020 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FAIRFAX WAY has not materially changed since December 2020.

How Large is 2 FAIRFAX WAY?

2 FAIRFAX WAY is 121m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the largest 30% 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 2 FAIRFAX WAY lies on this distribution: 70% of detached houses houses are smaller than 2 FAIRFAX WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in March.

2 FAIRFAX WAY: Plot and Title Map

2 FAIRFAX WAY sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 2 FAIRFAX WAY, 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 2 FAIRFAX WAY). 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 2 FAIRFAX WAY?

2 FAIRFAX WAY is located in MARCH, in the PE15 postcode district. The below map shows the position of No. 2 on FAIRFAX WAY.