5, BAKEHOUSE CLOSE, BENWICK, MARCH, PE15 0EX - £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.

5 BAKEHOUSE CLOSE is a very large detached house of 168m², built sometime between 1996 and 2002, which could now be worth an estimated £381,956. It was last sold for £305,000 in August 2017, which was around 23% above the average August 2017 detached price in the Fenland local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

5 BAKEHOUSE CLOSE Sold Prices

Land registry data shows four sales for 5 BAKEHOUSE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the four 5 BAKEHOUSE 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
2017 25 AUG	£305,000	£247,464	23% above HPI
2007 21 SEP	£266,000	£201,332	32% above HPI
2004 17 SEP	£247,500	£174,803	42% above HPI
2003 11 JUL	£200,000	£151,360	32% above HPI

5 BAKEHOUSE CLOSE 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 four 5 BAKEHOUSE CLOSE sales between July 2003 and August 2017 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 September 2007 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the August 2017 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 5 BAKEHOUSE CLOSE be worth now?

5 BAKEHOUSE CLOSE might now be worth an estimated £381,956.

This is based on house price inflation of 25.2%, between August 2017 and April 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 25.2% inflationary increase is applied to the most recent sale price for 5 BAKEHOUSE CLOSE of £305,000 on 25th August 2017. For the value to have increased from £305,000 to £381,956 over the nine years and four months to April 2026, the following assumptions must hold true:

• The value of 5 BAKEHOUSE CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The August 2017 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BAKEHOUSE CLOSE has not materially changed since August 2017.

How Large is 5 BAKEHOUSE CLOSE?

5 BAKEHOUSE CLOSE is 168m² according to the EPC inspection conducted in January 2014. This puts it in the largest 20% of detached houses houses in Benwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Benwick, and where 5 BAKEHOUSE CLOSE lies on this distribution: 85% of detached houses houses are smaller than 5 BAKEHOUSE CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Benwick.

5 BAKEHOUSE CLOSE: Plot and Title Map

5 BAKEHOUSE CLOSE sits on a plot of roughly 0.155 of an acre, or 629m². The below map shows the location of 5 BAKEHOUSE 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 5 BAKEHOUSE 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 5 BAKEHOUSE CLOSE?

5 BAKEHOUSE CLOSE is located in BENWICK, in the PE15 postcode district. The below map shows the position of No. 5 on BAKEHOUSE CLOSE.