5, SPRING DRIVE, FARCET, PETERBOROUGH, PE7 3AJ - £280,000

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 SPRING DRIVE is a very small detached house of 79m², built sometime between 1996 and 2002, which could now be worth an estimated £281,469. It was last sold for £280,000 in July 2023, which was around 42% below the average July 2023 detached price in the Huntingdonshire local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

5 SPRING DRIVE Sold Prices

Land registry data shows seven sales for 5 SPRING DRIVE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Huntingdonshire local authority area for the corresponding sale date. All of the seven 5 SPRING DRIVE 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
2023 14 JUL	£280,000	£478,689	42% below HPI
2021 23 MAR	£240,000	£412,577	42% below HPI
2018 14 NOV	£205,000	£405,984	50% below HPI
2005 3 OCT	£170,000	£253,153	33% below HPI
2001 31 OCT	£102,000	£158,166	36% below HPI
1999 10 MAY	£63,500	£108,241	41% below HPI
1997 24 OCT	£59,000	£97,049	39% below HPI

5 SPRING DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Huntingdonshire local authority area over time, sourced from the HPI. The seven 5 SPRING DRIVE sales between October 1997 and July 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 March 2021 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2023 sale, which was also at 42% below the HPI.

What might 5 SPRING DRIVE be worth now?

5 SPRING DRIVE might now be worth an estimated £281,469.

This is based on house price inflation of 0.5%, between July 2023 and May 2026, for detached houses, in the Huntingdonshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.5% inflationary increase is applied to the most recent sale price for 5 SPRING DRIVE of £280,000 on 14th July 2023. For the value to have increased from £280,000 to £281,469 over the three years and two months to May 2026, the following assumptions must hold true:

• The value of 5 SPRING DRIVE has moved in line with the HPI for detached houses in the Huntingdonshire local authority area.
• The July 2023 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPRING DRIVE has not materially changed since July 2023.

How Large is 5 SPRING DRIVE?

5 SPRING DRIVE is 79m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 20% of detached houses houses in Farcet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farcet, and where 5 SPRING DRIVE lies on this distribution: 14% of detached houses houses are smaller than 5 SPRING DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Farcet.

5 SPRING DRIVE: Plot and Title Map

5 SPRING DRIVE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 5 SPRING DRIVE, 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 SPRING DRIVE). 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 SPRING DRIVE?

5 SPRING DRIVE is located in FARCET, in the PE7 postcode district. The below map shows the position of No. 5 on SPRING DRIVE.