5, RICHARDS CLOSE, MARCH, PE15 8UH - £153,000

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 RICHARDS CLOSE is a detached house, which could now be worth an estimated £248,807. It was last sold for £153,000 in February 2007, which was around 20% below the average February 2007 detached price in the Fenland local authority area.

5 RICHARDS CLOSE Sold Prices

Land registry data shows three sales for 5 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 5 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
2007 23 FEB	£153,000	£190,570	20% below HPI
1996 14 JUN	£49,950	£57,961	14% below HPI
1995 27 OCT	£49,950	£56,130	11% below HPI

What might 5 RICHARDS CLOSE be worth now?

5 RICHARDS CLOSE might now be worth an estimated £248,807.

This is based on house price inflation of 62.6%, between February 2007 and April 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 62.6% inflationary increase is applied to the most recent sale price for 5 RICHARDS CLOSE of £153,000 on 23rd February 2007. For the value to have increased from £153,000 to £248,807 over the eighteen years and ten months to April 2026, the following assumptions must hold true:

• The value of 5 RICHARDS CLOSE has moved in line with the HPI for detached houses in the Fenland local authority area.
• The February 2007 sale price of £153,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RICHARDS CLOSE has not materially changed since February 2007.

Where is 5 RICHARDS CLOSE?

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