CHERRY LODGE, TOWN DROVE, QUADRING, SPALDING, PE11 4PU - £185,000

CHERRY LODGE is a very small detached house of 77m², built sometime between 1976 and 1982. It was last sold for £185,000 in October 2018, which was around 22% below the average October 2018 detached price in the South Holland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

CHERRY LODGE Sold Prices

Land registry data shows two sales for CHERRY LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Both of the two CHERRY LODGE 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
2018 4 OCT	£185,000	£237,899	22% below HPI
2008 4 JAN	£149,000	£195,510	24% below HPI

CHERRY LODGE 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 two CHERRY LODGE sales from January 2008 and October 2018 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 January 2008 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2018 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is CHERRY LODGE?

CHERRY LODGE is 77m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses in Quadring, based on EPC data. The below chart shows the distribution of detached houses by size in Quadring, and where CHERRY LODGE lies on this distribution: 3% of detached houses are smaller than CHERRY LODGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Quadring.

CHERRY LODGE: Plot and Title Map

CHERRY LODGE sits on a plot of roughly 0.185 of an acre, or 749m². The below map shows the location of CHERRY LODGE, 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 CHERRY LODGE). 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 CHERRY LODGE?

CHERRY LODGE is located on TOWN DROVE in QUADRING, in the PE11 postcode district. The below map shows the position of CHERRY LODGE on TOWN DROVE.