2, ORCHARD ROAD, MARCH, PE15 9DD - £225,000

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 ORCHARD ROAD is a midsized detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £269,427. It was last sold for £225,000 in November 2018, which was around 14% below the average November 2018 detached price in the Fenland local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was C.

2 ORCHARD ROAD Sold Prices

Land registry data shows three sales for 2 ORCHARD ROAD 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. Two of the three 2 ORCHARD ROAD sales were for below the average price, whilst one was 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
2018 15 NOV	£225,000	£260,324	14% below HPI
2017 10 MAR	£245,000	£237,608	3% above HPI
1999 22 JAN	£68,000	£72,395	6% below HPI

2 ORCHARD 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 three 2 ORCHARD ROAD sales between January 1999 and November 2018 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 2017 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 ORCHARD ROAD be worth now?

2 ORCHARD ROAD might now be worth an estimated £269,427.

This is based on house price inflation of 19.7%, between November 2018 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 19.7% inflationary increase is applied to the most recent sale price for 2 ORCHARD ROAD of £225,000 on 15th November 2018. For the value to have increased from £225,000 to £269,427 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 2 ORCHARD ROAD has moved in line with the HPI for detached houses in the Fenland local authority area.
• The November 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ORCHARD ROAD has not materially changed since November 2018.

How Large is 2 ORCHARD ROAD?

2 ORCHARD ROAD is 92m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 50% 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 ORCHARD ROAD lies on this distribution: 41% of detached houses houses are smaller than 2 ORCHARD ROAD, and 58% of houses are larger. Note that EPC data is not available for all properties in March.

2 ORCHARD ROAD: Plot and Title Map

2 ORCHARD ROAD sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 2 ORCHARD 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 2 ORCHARD 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 2 ORCHARD ROAD?

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