8, THE BANK, PARSON DROVE, WISBECH, PE13 4JD - £217,500

8 THE BANK is a very small extended detached house of 92m², built sometime between 1950 and 1966. It was last sold for £217,500 in November 2022, which was around 34% below the average November 2022 detached price in the Fenland local authority area. The most recent EPC inspection was January 2013, where the current energy rating was E, and the potential energy rating was C.

8 THE BANK Sold Prices

Land registry data shows five sales for 8 THE BANK since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the five 8 THE BANK 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
2022 18 NOV	£217,500	£327,596	34% below HPI
2016 5 FEB	£140,000	£216,095	35% below HPI
2015 20 JAN	£142,000	£196,080	28% below HPI
2003 10 JAN	£121,000	£134,612	10% below HPI
1998 7 JAN	£50,000	£63,312	21% below HPI

8 THE BANK 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 five 8 THE BANK sales between January 1998 and November 2022 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 February 2016 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 8 THE BANK?

8 THE BANK is 92m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the smallest 20% of detached houses in Parson Drove, based on EPC data. The below chart shows the distribution of detached houses by size in Parson Drove, and where 8 THE BANK lies on this distribution: 12% of detached houses are smaller than 8 THE BANK, and 88% of houses are larger. Note that EPC data is not available for all properties in Parson Drove.

8 THE BANK: Plot and Title Map

8 THE BANK sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 8 THE BANK, 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 8 THE BANK). 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 8 THE BANK?

8 THE BANK is located in PARSON DROVE, in the PE13 postcode district. The below map shows the position of No. 8 on THE BANK.