1, MEARS COURT, SPALDING, PE11 1WL - £225,000

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 MEARS COURT is a small detached house of 97m², which could now be worth an estimated £209,167. It was last sold for £225,000 in September 2022, which was around 25% below the average September 2022 detached price in the South Holland local authority area. The most recent EPC inspection was October 2017, where the current energy rating was B, and the potential energy rating was B.

1 MEARS COURT Sold Prices

Land registry data shows two sales for 1 MEARS COURT 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 MEARS COURT 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
2022 2 SEP	£225,000	£299,235	25% below HPI
2017 20 OCT	£175,000	£227,727	23% below HPI

1 MEARS COURT 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 MEARS COURT sales from October 2017 and September 2022 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 October 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2022 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 MEARS COURT be worth now?

1 MEARS COURT might now be worth an estimated £209,167.

This is based on house price deflation of 7%, between September 2022 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 7% deflationary decrease is applied to the most recent sale price for 1 MEARS COURT of £225,000 on 2nd September 2022. For the value to have decreased from £225,000 to £209,167 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 MEARS COURT has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MEARS COURT has not materially changed since September 2022.

How Large is 1 MEARS COURT?

1 MEARS COURT is 97m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 40% 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 MEARS COURT lies on this distribution: 35% of detached houses houses are smaller than 1 MEARS COURT, and 64% of houses are larger. Note that EPC data is not available for all properties in Spalding.

1 MEARS COURT: Plot and Title Map

1 MEARS COURT sits on a plot of roughly 0.032 of an acre, or 129m². The below map shows the location of 1 MEARS COURT, 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 MEARS COURT). 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 MEARS COURT?

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