1, BANBURY CLOSE, SPALDING, PE11 2BW - £62,000

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.

1 BANBURY CLOSE is a very large extended detached house of 145m², built sometime between 1950 and 1966, which could now be worth an estimated £239,499. It was last sold for £62,000 in November 1999, which was around 14% below the average November 1999 detached price in the South Holland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

1 BANBURY CLOSE Sold Prices

Land registry data shows two sales for 1 BANBURY CLOSE 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 1 BANBURY CLOSE 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
1999 25 NOV	£62,000	£72,013	14% below HPI
1998 6 NOV	£57,000	£63,539	10% below HPI

1 BANBURY CLOSE 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 1 BANBURY CLOSE sales from November 1998 and November 1999 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 November 1998 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 1999 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 1 BANBURY CLOSE be worth now?

1 BANBURY CLOSE might now be worth an estimated £239,499.

This is based on house price inflation of 286.3%, between November 1999 and February 2025, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 286.3% inflationary increase is applied to the most recent sale price for 1 BANBURY CLOSE of £62,000 on 25th November 1999. For the value to have increased from £62,000 to £239,499 over the 26 years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 BANBURY CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The November 1999 sale price of £62,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BANBURY CLOSE has not materially changed since November 1999.

How Large is 1 BANBURY CLOSE?

1 BANBURY CLOSE is 145m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 20% of detached houses houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spalding, and where 1 BANBURY CLOSE lies on this distribution: 81% of detached houses houses are smaller than 1 BANBURY CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Spalding.

1 BANBURY CLOSE: Plot and Title Map

1 BANBURY CLOSE sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of 1 BANBURY CLOSE, 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 1 BANBURY CLOSE). 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 1 BANBURY CLOSE?

1 BANBURY CLOSE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 1 on BANBURY CLOSE.