Housing Market Analysis for RICHARDSON WAY, PE7 1RS

Are you looking to understand PE7 1RS house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Fenland postcode.

For the location information and nearby amenities in the PE7 1RS area, explore the PE7 1RS Area information page.
For comprehensive crime statistics in the PE7 1RS area, explore the PE7 1RS Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the PE7 1RS postcode area, The average prices are as follows,

Flat
- The average price is around £81,681 median price is £88,498 Standard Deviation is £21,849 with Total Sold: 22
- The Last 5 Year average price is £90,500 with Total Sold: 4
- The most recent sale happened at this postcode is 5 RICHARDSON WAY: £92,000 (Sold on 17 Dec 2021)
- The first recorded sale happened at this postcode is 4 RICHARDSON WAY: £95,000 (Sold on 19 Oct 2023)
Terraced
- The average price is around £87,500 median price is £87,500 Standard Deviation is £7,500 with Total Sold: 2
- The most recent sale happened at this postcode is 2 RICHARDSON WAY: £80,000 (Sold on 12 Dec 2019)
- The first recorded sale happened at this postcode is 2 RICHARDSON WAY: £95,000 (Sold on 01 Mar 2005)

Sold Price Trend Over the Years:

Below table and chart gives the average PE7 1RS house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£89,000	£1,527	3
2017	£91,250	£1,573	2
2016	£85,000	£1,466	1
2014	£84,000	£1,367	2
2012	£75,000	£1,293	1
2009	£60,000	£1,027	1
2008	£108,998	£1,804	2
2007	£107,000	£1,814	1
2006	£94,250	£1,599	2
2005	£87,000	£1,500	1
2004	£89,995		1
2003	£65,000	£1,121	1
2002	£50,000	£862	1
1999	£30,000	£517	1
1996	£29,000	£483	1
2023	£95,000	£1,638	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£80,000	£1,379	1
2005	£95,000	£1,638	1

All the Sales in the RICHARDSON WAY, PE7 1RS

See the table below for more details on the sold house prices in the PE7 1RS, Fenland postcode.

Address	Sold Date	Price	% Change
5 RICHARDSON WAYFlat, LeaseholdArea: 58 Sq.mtrAge: 1967-1975	17 Dec 2021	£92,000	-0.54%
	28 Apr 2017	£92,500	23.33%
	31 Jan 2012	£75,000	50.00%
	03 Apr 2002	£50,000	First Sale
13 RICHARDSON WAYFlat, LeaseholdArea: 58 Sq.mtrAge: 1967-1975	18 Jun 2021	£95,000	9.20%
	24 Aug 2005	£87,000	First Sale
16 RICHARDSON WAYFlat, LeaseholdArea: 59 Sq.mtrAge: 1950-1966	18 Jan 2021	£80,000	-25.23%
	09 Nov 2007	£107,000	First Sale
2 RICHARDSON WAYTerraced, LeaseholdArea: 58 Sq.mtrAge: 1967-1975	12 Dec 2019	£80,000	-15.79%
	01 Mar 2005	£95,000	First Sale
19 RICHARDSON WAYFlat, LeaseholdArea: 58 Sq.mtrAge: 1976-1982	24 Jul 2017	£90,000	-16.67%
	01 Feb 2008	£108,000	260.00%
	08 Jan 1999	£30,000	First Sale
27 RICHARDSON WAYFlat, LeaseholdArea: 58 Sq.mtrAge: 1950-1966	02 Mar 2016	£85,000	30.77%
	04 Jun 2003	£65,000	First Sale
9 RICHARDSON WAYFlat, LeaseholdArea: 60 Sq.mtrAge: 1967-1975	24 Oct 2014	£85,000	-5.56%
	01 Dec 2006	£90,000	210.34%
	17 Oct 1996	£29,000	First Sale
30 RICHARDSON WAYFlat, LeaseholdArea: 63 Sq.mtrAge: 1976-1982	17 Feb 2014	£83,000	-24.54%
	15 Feb 2008	£109,995	First Sale
28 RICHARDSON WAYFlat, LeaseholdArea: 58.4 Sq.mtrAge: 1967-1975	20 Apr 2009	£60,000	First Sale
4 RICHARDSON WAYFlat, LeaseholdArea: 58 Sq.mtrAge: 1967-1975	15 Dec 2006	£98,500	3.68%
	19 Oct 2023	£95,000	First Sale
29 RICHARDSON WAYFlat, Leasehold	14 Jul 2004	£89,995	First Sale

Check out the sold house prices near the PE7 1RS postcode. Properties currently for saleProperties currently for rent

RICHARDSON WAY, PE7 1RS Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the PE7 1RS postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the PE7 1RS postcode.

Flat
- The average price is around £85,877 median price is £85,000 Standard Deviation is £38,139 with Total Sold: 177
- The Last 5 Year average price is £128,755 with Total Sold: 51
- The most recent sale happened at this postcode is FLAT 15, ST. JUDES COURT, 9 STATION ROAD: £123,000 (Sold on 19 Sep 2024)
- The first recorded sale happened at this postcode is , 48 MILL ROAD: £21,100 (Sold on 29 Mar 1996)
Terraced
- The average price is around £93,090 median price is £92,000 Standard Deviation is £48,008 with Total Sold: 805
- The Last 5 Year average price is £166,496 with Total Sold: 76
- The most recent sale happened at this postcode is , 51 VICTORY AVENUE: £241,000 (Sold on 04 Sep 2024)
- The first recorded sale happened at this postcode is 4, MARTIN COURT GRACIOUS STREET: £28,000 (Sold on 23 Jan 1995)
Semi-Detached
- The average price is around £119,009 median price is £119,600 Standard Deviation is £63,497 with Total Sold: 774
- The Last 5 Year average price is £207,668 with Total Sold: 96
- The most recent sale happened at this postcode is , 7 GRACIOUS STREET: £186,000 (Sold on 02 Sep 2024)
- The first recorded sale happened at this postcode is , 29 VIKING WAY: £36,500 (Sold on 12 Jan 1995)
Other
- The average price is around £474,922 median price is £219,000 Standard Deviation is £983,841 with Total Sold: 40
- The Last 5 Year average price is £491,316 with Total Sold: 19
- The most recent sale happened at this postcode is , THE MALTINGS QUEEN STREET: £180,000 (Sold on 16 Jul 2024)
- The first recorded sale happened at this postcode is FLAT 4, ST. JUDES COURT, 9 STATION ROAD: £442,500 (Sold on 13 Feb 2015)
Detached
- The average price is around £173,034 median price is £160,000 Standard Deviation is £99,126 with Total Sold: 871
- The Last 5 Year average price is £295,900 with Total Sold: 116
- The most recent sale happened at this postcode is , 4 PORTLAND PLACE: £342,500 (Sold on 19 Jun 2024)
- The first recorded sale happened at this postcode is , 1 PORTLAND PLACE: £75,000 (Sold on 06 Jan 1995)

Sold Price Trend Over the Years:

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£123,000		1
2023	£101,800	£2,255	5
2022	£142,676	£2,056	17
2021	£117,588	£1,961	17
2020	£137,273	£1,992	11
2019	£84,167	£2,438	3
2018	£89,200	£1,814	5
2017	£83,290	£1,468	11
2016	£73,658	£1,574	6
2015	£72,500	£1,490	2
2014	£89,500	£1,211	4
2013	£55,250	£1,289	4
2012	£65,250	£1,432	3
2011	£74,995	£1,073	1
2010	£67,333	£1,460	3
2009	£63,332	£1,369	9
2008	£105,982	£1,804	3
2007	£91,289	£1,791	19
2006	£87,213	£1,407	7
2005	£79,200	£1,805	5
2004	£71,105	£1,610	7
2003	£62,790	£1,183	5
2002	£39,094	£760	8
2001	£33,299	£757	5
2000	£44,317	£698	3
1999	£27,333	£622	3
1998	£24,833	£647	3
1997	£26,000	£491	1
1996	£24,183	£647	6

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£174,374	£2,015	10
2023	£168,973	£2,618	12
2022	£174,442	£2,377	18
2021	£159,940	£2,384	28
2020	£157,999	£2,250	8
2019	£145,605	£1,931	19
2018	£151,846	£2,148	27
2017	£145,562	£1,969	24
2016	£130,167	£1,842	27
2015	£120,036	£1,631	21
2014	£111,821	£1,710	28
2013	£93,042	£1,285	19
2012	£100,625	£1,594	8
2011	£103,001	£1,428	8
2010	£103,544	£1,407	17
2009	£111,911	£1,557	19
2008	£126,476	£1,670	23
2007	£117,455	£1,745	30
2006	£114,829	£1,661	38
2005	£109,201	£1,556	37
2004	£110,785	£1,555	21
2003	£90,076	£1,232	32
2002	£69,839	£1,102	41
2001	£52,267	£803	48
2000	£46,905	£735	41
1999	£44,676	£725	52
1998	£43,233	£689	62
1997	£35,613	£548	27
1996	£34,423	£521	30
1995	£37,870	£601	30

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£218,596	£2,644	13
2023	£234,661	£2,694	17
2022	£219,749	£2,644	18
2021	£188,103	£2,330	31
2020	£195,205	£2,212	17
2019	£183,980	£2,133	25
2018	£177,548	£2,147	31
2017	£158,976	£1,830	23
2016	£153,294	£1,767	17
2015	£143,331	£1,760	24
2014	£126,500	£1,576	17
2013	£125,077	£1,428	26
2012	£121,673	£1,666	11
2011	£163,687	£1,497	16
2010	£132,333	£1,599	9
2009	£128,643	£1,617	14
2008	£141,587	£1,764	23
2007	£145,373	£1,659	28
2006	£128,415	£1,562	41
2005	£129,416	£1,427	24
2004	£123,585	£1,533	43
2003	£102,496	£1,264	30
2002	£82,306	£1,012	49
2001	£71,156	£757	33
2000	£54,889	£786	35
1999	£56,327	£719	41
1998	£48,836	£725	42
1997	£45,065	£512	30
1996	£43,386	£476	21
1995	£40,246	£527	25

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£125,000		2
2023	£380,753	£2,424	3
2022	£180,458	£1,439	6
2021	£1,262,000	£19,554	5
2020	£183,333	£2,500	3
2019	£1,803,333	£3,354	3
2018	£175,667	£1,493	3
2017	£228,335	£2,174	6
2016	£241,473	£3,034	5
2015	£286,875	£5,531	4

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£272,812	£2,784	8
2023	£298,316	£3,111	19
2022	£336,812	£2,911	16
2021	£301,710	£2,596	45
2020	£268,142	£2,586	28
2019	£269,810	£2,375	42
2018	£286,732	£2,492	28
2017	£258,624	£2,277	21
2016	£230,214	£1,895	35
2015	£235,136	£2,026	22
2014	£198,950	£1,831	20
2013	£188,807	£1,708	22
2012	£203,125	£1,535	12
2011	£183,333	£1,596	12
2010	£179,579	£1,564	19
2009	£166,681	£1,512	11
2008	£209,866	£1,984	15
2007	£195,429	£1,693	32
2006	£197,593	£1,796	31
2005	£182,797	£1,730	29
2004	£175,408	£1,580	18
2003	£154,078	£1,482	51
2002	£121,381	£1,228	38
2001	£103,378	£928	37
2000	£97,050	£838	41
1999	£73,082	£660	56
1998	£76,975	£679	66
1997	£70,593	£658	36
1996	£77,765	£620	39
1995	£61,070	£630	22

House Type in PE7 1RS area

The most common house types in the PE7 1RS postcode area are Detached (79), Flat (39), and Terraced (21).

Total	150
Detached	79
Flat	39
Terraced	21
Semi-detached	11
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (61), and Owned: Owns with a mortgage or loan (34).

Owned: Owns outright	61
Owned: Owns with a mortgage or loan	34
Social rented: Other social rented	22
Private rented: Private landlord or letting agency	21
Social rented: Rents from council or Local Authority	7
Private rented: Other private rented	4
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the PE7 1RS have 1 person in household (52), and 2 people in household (51).

1 person in household	52
2 people in household	51
3 people in household	27
4 people in household	13
5 people in household	9
0 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0