1, THE PADDOCKS, GEDNEY, SPALDING, PE12 0DP - £175,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

1 THE PADDOCKS is a very small detached house of 78m², built sometime between 1996 and 2002. It was last sold for £175,000 in February 2018, which was around 23% below the average February 2018 detached price in the South Holland local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

1 THE PADDOCKS Sold Prices

Land registry data shows two sales for 1 THE PADDOCKS 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 THE PADDOCKS 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
2018 2 FEB	£175,000	£226,384	23% below HPI
2013 29 OCT	£129,000	£173,985	26% below HPI

1 THE PADDOCKS 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 THE PADDOCKS sales from October 2013 and February 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 October 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2018 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 1 THE PADDOCKS?

1 THE PADDOCKS is 78m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 10% of detached houses in Gedney, based on EPC data. The below chart shows the distribution of detached houses by size in Gedney, and where 1 THE PADDOCKS lies on this distribution: 8% of detached houses are smaller than 1 THE PADDOCKS, and 91% of houses are larger. Note that EPC data is not available for all properties in Gedney.

1 THE PADDOCKS: Plot and Title Map

1 THE PADDOCKS sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 1 THE PADDOCKS, 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 THE PADDOCKS). 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 THE PADDOCKS?

1 THE PADDOCKS is located in GEDNEY, in the PE12 postcode district. The below map shows the position of No. 1 on THE PADDOCKS.