7, REED CLOSE, CHATTERIS, PE16 6PD - £76,500

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.

7 REED CLOSE is a very small terraced house of 51m², built sometime between 1991 and 1995, which could now be worth an estimated £151,544. It was last sold for £76,500 in May 2004, which was around 6% below the average May 2004 terraced price in the Fenland local authority area. The most recent EPC inspection was December 2011, where the current energy rating was C, and the potential energy rating was C.

7 REED CLOSE Sold Prices

Land registry data shows two sales for 7 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 7 REED CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2004 14 MAY	£76,500	£81,277	6% below HPI
2001 14 SEP	£46,000	£45,874	Close to HPI

7 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 7 REED CLOSE sales from September 2001 and May 2004 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 2001 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2004 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 7 REED CLOSE be worth now?

7 REED CLOSE might now be worth an estimated £151,544.

This is based on house price inflation of 98.1%, between May 2004 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 98.1% inflationary increase is applied to the most recent sale price for 7 REED CLOSE of £76,500 on 14th May 2004. For the value to have increased from £76,500 to £151,544 over the 22 years and one month to April 2026, the following assumptions must hold true:

• The value of 7 REED CLOSE has moved in line with the HPI for terraced houses in the Fenland local authority area.
• The May 2004 sale price of £76,500 represented a fair market value for the property.
• The size, condition, and specification of 7 REED CLOSE has not materially changed since May 2004.

How Large is 7 REED CLOSE?

7 REED CLOSE is 51m² according to the EPC inspection conducted in December 2011. 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 7 REED CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 7 REED CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Chatteris.

7 REED CLOSE: Plot and Title Map

7 REED CLOSE sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 7 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 7 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 7 REED CLOSE?

7 REED CLOSE is located in CHATTERIS, in the PE16 postcode district. The below map shows the position of No. 7 on REED CLOSE.