1, SPRING STREET, SPALDING, PE11 2XW - £135,000

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 SPRING STREET is a small extended detached house of 92m², built sometime between 1900 and 1929. It was last sold for £135,000 in March 2016, which was around 35% below the average March 2016 detached price in the South Holland local authority area. The most recent EPC inspection was May 2023, where the current energy rating was E, and the potential energy rating was C.

1 SPRING STREET Sold Prices

Land registry data shows four sales for 1 SPRING STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the four 1 SPRING STREET 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
2016 31 MAR	£135,000	£206,362	35% below HPI
2014 14 FEB	£120,000	£174,564	31% below HPI
2012 11 APR	£110,000	£156,254	30% below HPI
2004 29 JUN	£106,000	£155,410	32% below HPI

1 SPRING STREET 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 four 1 SPRING STREET sales between June 2004 and March 2016 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 February 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2016 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 1 SPRING STREET?

1 SPRING STREET is 92m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 30% 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 SPRING STREET lies on this distribution: 30% of detached houses are smaller than 1 SPRING STREET, and 69% of houses are larger. Note that EPC data is not available for all properties in Spalding.

1 SPRING STREET: Plot and Title Map

1 SPRING STREET sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 1 SPRING STREET, 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 SPRING STREET). 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 SPRING STREET?

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