1, HOEKMAN WAY, SPALDING, PE11 3HE - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 HOEKMAN WAY is a very large extended detached house of 157m², built sometime between 1991 and 1995, which could now be worth an estimated £418,078. It was last sold for £250,000 in April 2010, which was around 46% above the average April 2010 detached price in the South Holland local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

1 HOEKMAN WAY Sold Prices

Land registry data shows three sales for 1 HOEKMAN 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. All of the three 1 HOEKMAN WAY sales were 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
2010 23 APR	£250,000	£171,014	46% above HPI
2006 20 MAR	£235,000	£180,492	30% above HPI
1995 22 SEP	£87,500	£54,583	60% above HPI

1 HOEKMAN 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 1 HOEKMAN WAY sales between September 1995 and April 2010 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 March 2006 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the April 2010 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 1 HOEKMAN WAY be worth now?

1 HOEKMAN WAY might now be worth an estimated £418,078.

This is based on house price inflation of 67.2%, between April 2010 and December 2024, 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 67.2% inflationary increase is applied to the most recent sale price for 1 HOEKMAN WAY of £250,000 on 23rd April 2010. For the value to have increased from £250,000 to £418,078 over the thirteen years and four months to December 2024, the following assumptions must hold true:

• The value of 1 HOEKMAN WAY has moved in line with the HPI for detached houses in the South Holland local authority area.
• The April 2010 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HOEKMAN WAY has not materially changed since April 2010.

How Large is 1 HOEKMAN WAY?

1 HOEKMAN WAY is 157m², which includes one extension, according to the EPC inspection conducted in August 2009. 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 HOEKMAN WAY lies on this distribution: 86% of detached houses houses are smaller than 1 HOEKMAN WAY, and 14% of houses are larger. Note that EPC data is not available for all properties in Spalding.

1 HOEKMAN WAY: Plot and Title Map

1 HOEKMAN WAY sits on a plot of roughly 0.275 of an acre, or 1,112m². The below map shows the location of 1 HOEKMAN 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 1 HOEKMAN 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 1 HOEKMAN WAY?

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