1, THE WYKE, SPALDING, PE11 3EF - £153,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 THE WYKE is a small extended detached house of 90m², built sometime between 1991 and 1995. It was last sold for £153,000 in June 2016, which was around 27% below the average June 2016 detached price in the South Holland local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

1 THE WYKE Sold Prices

Land registry data shows four sales for 1 THE WYKE 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 THE WYKE 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 29 JUN	£153,000	£210,664	27% below HPI
2012 30 NOV	£145,000	£167,313	13% below HPI
2004 15 APR	£136,950	£153,209	11% below HPI
1999 1 MAR	£53,750	£65,900	18% below HPI

1 THE WYKE 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 THE WYKE sales between March 1999 and June 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 November 2012 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2016 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1 THE WYKE be worth now?

1 THE WYKE might now be worth an estimated £207,707.

This is based on house price inflation of 35.8%, between June 2016 and December 2024, 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 35.8% inflationary increase is applied to the most recent sale price for 1 THE WYKE of £153,000 on 29th June 2016. For the value to have increased from £153,000 to £207,707 over the seven years and six months to December 2024, the following assumptions must hold true:

• The value of 1 THE WYKE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The June 2016 sale price of £153,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE WYKE has not materially changed since June 2016.

How Large is 1 THE WYKE?

1 THE WYKE is 90m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 30% 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 THE WYKE lies on this distribution: 27% of detached houses houses are smaller than 1 THE WYKE, and 72% of houses are larger. Note that EPC data is not available for all properties in Spalding.

1 THE WYKE: Plot and Title Map

1 THE WYKE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 1 THE WYKE, 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 WYKE). 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 WYKE?

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