12, HILLGATE, GEDNEY HILL, SPALDING, PE12 0NN - £267,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 HILLGATE is a midsized extended detached house of 126m², built sometime between 1976 and 1982, which could now be worth an estimated £318,623. It was last sold for £267,000 in September 2019, which was around 15% above the average September 2019 detached price in the South Holland local authority area. The most recent EPC inspection was July 2019, where the current energy rating was F, and the potential energy rating was D.

12 HILLGATE Sold Prices

Land registry data shows two sales for 12 HILLGATE 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 12 HILLGATE sales were 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
2019 17 SEP	£267,000	£233,108	15% above HPI
2014 26 SEP	£194,000	£183,072	6% above HPI

12 HILLGATE 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 12 HILLGATE sales from September 2014 and September 2019 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 September 2014 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2019 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 12 HILLGATE be worth now?

12 HILLGATE might now be worth an estimated £318,623.

This is based on house price inflation of 19.3%, between September 2019 and February 2025, 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 19.3% inflationary increase is applied to the most recent sale price for 12 HILLGATE of £267,000 on 17th September 2019. For the value to have increased from £267,000 to £318,623 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 HILLGATE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2019 sale price of £267,000 represented a fair market value for the property.
• The size, condition, and specification of 12 HILLGATE has not materially changed since September 2019.

How Large is 12 HILLGATE?

12 HILLGATE is 126m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the smallest 50% of detached houses houses in Gedney Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gedney Hill, and where 12 HILLGATE lies on this distribution: 41% of detached houses houses are smaller than 12 HILLGATE, and 58% of houses are larger. Note that EPC data is not available for all properties in Gedney Hill.

12 HILLGATE: Plot and Title Map

12 HILLGATE sits on a plot of roughly 0.174 of an acre, or 703m². The below map shows the location of 12 HILLGATE, 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 12 HILLGATE). 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 12 HILLGATE?

12 HILLGATE is located in GEDNEY HILL, in the PE12 postcode district. The below map shows the position of No. 12 on HILLGATE.