3, REED CLOSE, CHATTERIS, PE16 6PD - £125,000

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.

3 REED CLOSE is a very small terraced house of 51m², built sometime between 1991 and 1995, which could now be worth an estimated £142,705. It was last sold for £125,000 in May 2021, which was around 11% below the average May 2021 terraced price in the Fenland local authority area. The most recent EPC inspection was December 2024, where the current energy rating was C, and the potential energy rating was B.

3 REED CLOSE Sold Prices

Land registry data shows two sales for 3 REED CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Fenland local authority area for the corresponding sale date. One of the two 3 REED CLOSE sales was for below the average price, whilst the other 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
2021 6 MAY	£125,000	£141,031	11% below HPI
2004 7 OCT	£90,000	£88,770	1% above HPI

3 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 two 3 REED CLOSE sales from October 2004 and May 2021 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 October 2004 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 3 REED CLOSE be worth now?

3 REED CLOSE might now be worth an estimated £142,705.

This is based on house price inflation of 14.2%, between May 2021 and April 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 14.2% inflationary increase is applied to the most recent sale price for 3 REED CLOSE of £125,000 on 6th May 2021. For the value to have increased from £125,000 to £142,705 over the five years and one month to April 2026, the following assumptions must hold true:

• The value of 3 REED CLOSE has moved in line with the HPI for terraced houses in the Fenland local authority area.
• The May 2021 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REED CLOSE has not materially changed since May 2021.

How Large is 3 REED CLOSE?

3 REED CLOSE is 51m² according to the EPC inspection conducted in December 2024. 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 3 REED CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 3 REED CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

3 REED CLOSE: Plot and Title Map

3 REED CLOSE sits on a plot of roughly 0.022 of an acre, or 91m². The below map shows the location of 3 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 3 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 3 REED CLOSE?

3 REED CLOSE is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 3 on REED CLOSE.