1, REDMILE CLOSE, PINCHBECK, SPALDING, PE11 3UT - £270,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 REDMILE CLOSE is a very large extended detached house of 169m², built sometime between 1976 and 1982. It was last sold for £270,000 in August 2018, which was around 14% above the average August 2018 detached price in the South Holland local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

1 REDMILE CLOSE Sold Prices

Land registry data shows two sales for 1 REDMILE 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 REDMILE CLOSE 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
2018 17 AUG	£270,000	£237,008	14% above HPI
2006 22 MAY	£225,000	£176,392	28% above HPI

1 REDMILE 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 REDMILE CLOSE sales from May 2006 and August 2018 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 May 2006 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2018 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 1 REDMILE CLOSE?

1 REDMILE CLOSE is 169m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the largest 20% of detached houses in Pinchbeck, based on EPC data. The below chart shows the distribution of detached houses by size in Pinchbeck, and where 1 REDMILE CLOSE lies on this distribution: 88% of detached houses are smaller than 1 REDMILE CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

1 REDMILE CLOSE: Plot and Title Map

1 REDMILE CLOSE sits on a plot of roughly 0.224 of an acre, or 908m². The below map shows the location of 1 REDMILE 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 REDMILE 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 REDMILE CLOSE?

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