12, MEDWAY CLOSE, GOSBERTON, SPALDING, PE11 4HS - £242,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 MEDWAY CLOSE is a small extended detached house of 99m², built sometime between 1976 and 1982. It was last sold for £242,000 in September 2023, which was around 16% below the average September 2023 detached price in the South Holland local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

12 MEDWAY CLOSE Sold Prices

Land registry data shows five sales for 12 MEDWAY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the five 12 MEDWAY CLOSE 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
2023 28 SEP	£242,000	£289,034	16% below HPI
2019 29 NOV	£195,000	£235,577	17% below HPI
2007 23 NOV	£100,000	£198,109	50% below HPI
2006 1 SEP	£164,950	£185,749	11% below HPI
1996 5 JUL	£50,000	£56,296	11% below HPI

12 MEDWAY CLOSE 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 five 12 MEDWAY CLOSE sales between July 1996 and September 2023 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 2019 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2023 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 12 MEDWAY CLOSE?

12 MEDWAY CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in December 2017. This puts it in the smallest 40% of detached houses in Gosberton, based on EPC data. The below chart shows the distribution of detached houses by size in Gosberton, and where 12 MEDWAY CLOSE lies on this distribution: 37% of detached houses are smaller than 12 MEDWAY CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

12 MEDWAY CLOSE: Plot and Title Map

12 MEDWAY CLOSE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 12 MEDWAY CLOSE, 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 MEDWAY CLOSE). 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 MEDWAY CLOSE?

12 MEDWAY CLOSE is located in GOSBERTON, in the PE11 postcode district. The below map shows the position of No. 12 on MEDWAY CLOSE.