THE WILLOWS, SECOND DRIFT, WOTHORPE, STAMFORD, PE9 3JQ - £327,500

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.

THE WILLOWS is a very small detached house of 130m², built sometime between 1967 and 1975, which could now be worth an estimated £535,715. It was last sold for £327,500 in May 2015, which was around 40% above the average May 2015 detached price in the City of Peterborough local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

THE WILLOWS Sold Prices

Land registry data shows three sales for THE WILLOWS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. All of the three THE WILLOWS sales were for above 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
2015 22 MAY	£327,500	£233,752	40% above HPI
2007 8 FEB	£333,000	£226,125	47% above HPI
2001 24 OCT	£205,000	£123,679	66% above HPI

THE WILLOWS Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The three THE WILLOWS sales between October 2001 and May 2015 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 2007 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the May 2015 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might THE WILLOWS be worth now?

THE WILLOWS might now be worth an estimated £535,715.

This is based on house price inflation of 63.6%, between May 2015 and April 2026, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.6% inflationary increase is applied to the most recent sale price for THE WILLOWS of £327,500 on 22nd May 2015. For the value to have increased from £327,500 to £535,715 over the eleven years and one month to April 2026, the following assumptions must hold true:

• The value of THE WILLOWS has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The May 2015 sale price of £327,500 represented a fair market value for the property.
• The size, condition, and specification of THE WILLOWS has not materially changed since May 2015.

How Large is THE WILLOWS?

THE WILLOWS is 130m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses in Wothorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Wothorpe, and where THE WILLOWS lies on this distribution: 11% of detached houses are smaller than THE WILLOWS, and 89% of detached houses are larger. Note that EPC data is not available for all properties in Wothorpe.