2, MORTON WAY, WIMBLINGTON, MARCH, PE15 0PQ - £185,000

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 MORTON WAY is a very small detached house of 60m², built sometime between 1976 and 1982, which could now be worth an estimated £223,423. It was last sold for £185,000 in April 2019, which was around 28% below the average April 2019 detached price in the Fenland local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

2 MORTON WAY Sold Prices

Land registry data shows two sales for 2 MORTON WAY 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 2 MORTON WAY 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
2019 24 APR	£185,000	£257,841	28% below HPI
1996 5 JUL	£45,000	£57,806	22% below HPI

2 MORTON 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 two 2 MORTON WAY sales from July 1996 and April 2019 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 1996 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the April 2019 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 MORTON WAY be worth now?

2 MORTON WAY might now be worth an estimated £223,423.

This is based on house price inflation of 20.8%, between April 2019 and June 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 20.8% inflationary increase is applied to the most recent sale price for 2 MORTON WAY of £185,000 on 24th April 2019. For the value to have increased from £185,000 to £223,423 over the five years and ten months to June 2025, the following assumptions must hold true:

• The value of 2 MORTON WAY has moved in line with the HPI for detached houses in the Fenland local authority area.
• The April 2019 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MORTON WAY has not materially changed since April 2019.

How Large is 2 MORTON WAY?

2 MORTON WAY is 60m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses houses in Wimblington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wimblington, and where 2 MORTON WAY lies on this distribution: 2% of detached houses houses are smaller than 2 MORTON WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Wimblington.

2 MORTON WAY: Plot and Title Map

2 MORTON WAY sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 2 MORTON 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 MORTON 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 MORTON WAY?

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