1, MAGELLAN WAY, SPALDING, PE11 2FG - £216,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MAGELLAN WAY is a small detached house of 97m², built sometime between 1996 and 2002. It was last sold for £216,500 in August 2021, which was around 17% below the average August 2021 detached price in the South Holland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

1 MAGELLAN WAY Sold Prices

Land registry data shows three sales for 1 MAGELLAN 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 MAGELLAN WAY 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
2021 20 AUG	£216,500	£261,111	17% below HPI
2004 12 AUG	£140,000	£157,641	11% below HPI
1999 5 NOV	£70,950	£72,367	2% below HPI

1 MAGELLAN 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 MAGELLAN WAY sales between November 1999 and August 2021 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 August 2004 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1 MAGELLAN WAY?

1 MAGELLAN WAY is 97m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 40% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 1 MAGELLAN WAY lies on this distribution: 34% of detached houses are smaller than 1 MAGELLAN WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Spalding.

1 MAGELLAN WAY: Plot and Title Map

1 MAGELLAN WAY sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 1 MAGELLAN 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 MAGELLAN 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 MAGELLAN WAY?

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