1, RICHARDS CLOSE, MARCH, PE15 8UH - £235,000

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.

1 RICHARDS CLOSE is a small detached house of 77m², built sometime between 1996 and 2002, which could now be worth an estimated £281,402. It was last sold for £235,000 in November 2018, which was around 10% below the average November 2018 detached price in the Fenland local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

1 RICHARDS CLOSE Sold Prices

Land registry data shows one sale for 1 RICHARDS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Fenland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 23 NOV	£235,000	£260,324	10% below HPI

What might 1 RICHARDS CLOSE be worth now?

1 RICHARDS CLOSE might now be worth an estimated £281,402.

This is based on house price inflation of 19.7%, between November 2018 and May 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 19.7% inflationary increase is applied to the most recent sale price for 1 RICHARDS CLOSE of £235,000 on 23rd November 2018. For the value to have increased from £235,000 to £281,402 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 1 RICHARDS CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The November 2018 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RICHARDS CLOSE has not materially changed since November 2018.

How Large is 1 RICHARDS CLOSE?

1 RICHARDS CLOSE is 77m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% of detached houses in March, based on EPC data. The below chart shows the distribution of detached houses by size in March, and where 1 RICHARDS CLOSE lies on this distribution: 24% of detached houses are smaller than 1 RICHARDS CLOSE, and 75% of detached houses are larger. Note that EPC data is not available for all properties in March.

1 RICHARDS CLOSE: Plot

1 RICHARDS CLOSE sits on a plot of roughly 0.076 of an acre, or 309m².

Where is 1 RICHARDS CLOSE?

1 RICHARDS CLOSE is located in MARCH, in the PE15 postcode district.