15, ORCHARD WAY, COWBIT, SPALDING, PE12 6XA - £175,000

15 ORCHARD WAY is a small extended detached house of 109m², built sometime between 1983 and 1990. It was last sold for £175,000 in October 2015, which was around 11% below the average October 2015 detached price in the South Holland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

15 ORCHARD WAY Sold Prices

Land registry data shows three sales for 15 ORCHARD WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Two of the three 15 ORCHARD WAY sales were for below the average price, whilst one was 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 30 OCT	£175,000	£196,397	11% below HPI
2000 8 MAY	£85,000	£78,776	8% above HPI
1996 19 FEB	£53,000	£57,319	8% below HPI

15 ORCHARD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The three 15 ORCHARD WAY sales between February 1996 and October 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 May 2000 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2015 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 15 ORCHARD WAY?

15 ORCHARD WAY is 109m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% of detached houses in Cowbit, based on EPC data. The below chart shows the distribution of detached houses by size in Cowbit, and where 15 ORCHARD WAY lies on this distribution: 37% of detached houses are smaller than 15 ORCHARD WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in Cowbit.

15 ORCHARD WAY: Plot and Title Map

15 ORCHARD WAY sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 15 ORCHARD WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 ORCHARD WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 ORCHARD WAY?

15 ORCHARD WAY is located in COWBIT, in the PE12 postcode district. The below map shows the position of No. 15 on ORCHARD WAY.