NEWLANDS, ROMAN BANK, HOLBEACH BANK, SPALDING, PE12 8BX - £131,000

NEWLANDS is a very small detached house of 68m², built sometime between 1976 and 1982. It was last sold for £131,000 in November 2020, which was around 46% below the average November 2020 detached price in the South Holland local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was A.

NEWLANDS Sold Prices

Land registry data shows five sales for NEWLANDS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the five NEWLANDS 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
2020 13 NOV	£131,000	£241,438	46% below HPI
2017 23 JUN	£130,000	£223,580	42% below HPI
2008 25 APR	£120,500	£190,072	37% below HPI
2000 30 NOV	£50,950	£84,898	40% below HPI
1998 29 MAY	£35,000	£63,133	45% below HPI

NEWLANDS 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 five NEWLANDS sales between May 1998 and November 2020 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 June 2017 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the November 2020 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is NEWLANDS?

NEWLANDS is 68m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses in Holbeach Bank, based on EPC data. The below chart shows the distribution of detached houses by size in Holbeach Bank, and where NEWLANDS lies on this distribution: 2% of detached houses are smaller than NEWLANDS, and 98% of houses are larger. Note that EPC data is not available for all properties in Holbeach Bank.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on ROMAN BANK in HOLBEACH BANK, in the PE12 postcode district. The below map shows the position of NEWLANDS on ROMAN BANK.