20, REED CLOSE, CHATTERIS, PE16 6PD - £175,000

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.

20 REED CLOSE is a very small terraced house of 60m², built sometime between 1991 and 1995, which could now be worth an estimated £171,018. It was last sold for £175,000 in February 2023, which was around 6% above the average February 2023 terraced price in the Fenland local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

20 REED CLOSE Sold Prices

Land registry data shows four sales for 20 REED CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Fenland local authority area for the corresponding sale date. All of the four 20 REED CLOSE 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
2023 24 FEB	£175,000	£164,839	6% above HPI
2015 6 JUL	£120,000	£107,197	12% above HPI
2010 21 MAY	£111,000	£92,397	20% above HPI
1998 29 MAY	£38,000	£31,840	19% above HPI

20 REED 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 four 20 REED CLOSE sales between May 1998 and February 2023 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 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2023 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 20 REED CLOSE be worth now?

20 REED CLOSE might now be worth an estimated £171,018.

This is based on house price deflation of 2.3%, between February 2023 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 2.3% deflationary decrease is applied to the most recent sale price for 20 REED CLOSE of £175,000 on 24th February 2023. For the value to have decreased from £175,000 to £171,018 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 20 REED CLOSE has moved in line with the HPI for terraced houses in the Fenland local authority area.
• The February 2023 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 20 REED CLOSE has not materially changed since February 2023.

How Large is 20 REED CLOSE?

20 REED CLOSE is 60m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 10% of terraced houses houses in Chatteris, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chatteris, and where 20 REED CLOSE lies on this distribution: 4% of terraced houses houses are smaller than 20 REED CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

20 REED CLOSE: Plot and Title Map

20 REED CLOSE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 20 REED 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 20 REED 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 20 REED CLOSE?

20 REED CLOSE is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 20 on REED CLOSE.