1, WESTERLY WAY, SPALDING, PE11 3FH - £175,000

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 WESTERLY WAY is a very small detached house of 66m², built sometime between 1996 and 2002. It was last sold for £175,000 in July 2020, which was around 24% below the average July 2020 detached price in the South Holland local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

1 WESTERLY WAY Sold Prices

Land registry data shows two sales for 1 WESTERLY WAY 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. One of the two 1 WESTERLY WAY sales was for below the average price, whilst the other was 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
2020 15 JUL	£175,000	£230,790	24% below HPI
1997 14 AUG	£66,050	£58,178	14% above HPI

1 WESTERLY WAY 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 WESTERLY WAY sales from August 1997 and July 2020 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 August 1997 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the July 2020 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1 WESTERLY WAY?

1 WESTERLY WAY is 66m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% 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 WESTERLY WAY lies on this distribution: 6% of detached houses are smaller than 1 WESTERLY WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Spalding.

1 WESTERLY WAY: Plot and Title Map

1 WESTERLY WAY sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 1 WESTERLY WAY, 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 WESTERLY WAY). 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 WESTERLY WAY?

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