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 THE SPINNEY is a large extended semi-detached house of 130m², built sometime between 1967 and 1975. It was last sold for £137,500 in August 2024, which was around 63% below the average August 2024 detached price in the South Kesteven local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows five sales for 1 THE SPINNEY since 1st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the five 1 THE SPINNEY 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 |
---|---|---|---|
2024 16 AUG | £137,500 | £372,962 | 63% below HPI |
2017 10 APR | £100,000 | £275,057 | 64% below HPI |
2015 27 MAY | £189,950 | £239,807 | 21% below HPI |
2008 28 APR | £131,000 | £240,478 | 46% below HPI |
1995 3 MAR | £43,500 | £69,661 | 38% below HPI |
The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The five 1 THE SPINNEY sales between March 1995 and August 2024 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 April 2017 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the August 2024 sale, where it rises to 63% below the HPI. The line then continues to track at 63% below the HPI.
1 THE SPINNEY is 130m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 40% of detached houses in Market Deeping, based on EPC data. The below chart shows the distribution of detached houses by size in Market Deeping, and where 1 THE SPINNEY lies on this distribution: 66% of detached houses are smaller than 1 THE SPINNEY, and 34% of houses are larger. Note that EPC data is not available for all properties in Market Deeping.
1 THE SPINNEY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 1 THE SPINNEY, 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 SPINNEY). 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.
1 THE SPINNEY is located in MARKET DEEPING, in the PE6 postcode district. The below map shows the position of No. 1 on THE SPINNEY.