16, RICHARDS CLOSE, MARCH, PE15 8UH - £62,500

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.

16 RICHARDS CLOSE is a detached house, which could now be worth an estimated £183,671. It was last sold for £62,500 in December 2001, which was around 41% below the average December 2001 detached price in the Fenland local authority area.

16 RICHARDS CLOSE Sold Prices

Land registry data shows three sales for 16 RICHARDS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fenland local authority area for the corresponding sale date. All of the three 16 RICHARDS CLOSE 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
2001 20 DEC	£62,500	£106,075	41% below HPI
2000 17 NOV	£76,500	£94,750	19% below HPI
1996 1 APR	£49,950	£57,211	13% below HPI

What might 16 RICHARDS CLOSE be worth now?

16 RICHARDS CLOSE might now be worth an estimated £183,671.

This is based on house price inflation of 193.9%, between December 2001 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 193.9% inflationary increase is applied to the most recent sale price for 16 RICHARDS CLOSE of £62,500 on 20th December 2001. For the value to have increased from £62,500 to £183,671 over the 25 years and seven months to May 2026, the following assumptions must hold true:

• The value of 16 RICHARDS CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The December 2001 sale price of £62,500 represented a fair market value for the property.
• The size, condition, and specification of 16 RICHARDS CLOSE has not materially changed since December 2001.

Where is 16 RICHARDS CLOSE?

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