12, THE PADDOCKS, GEDNEY, SPALDING, PE12 0DP - £158,000

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 THE PADDOCKS is a very small detached house of 92m², built sometime between 1991 and 1995, which could now be worth an estimated £196,381. It was last sold for £158,000 in August 2017, which was around 29% below the average August 2017 detached price in the South Holland local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

12 THE PADDOCKS Sold Prices

Land registry data shows two sales for 12 THE PADDOCKS 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 THE PADDOCKS 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
2017 14 AUG	£158,000	£223,811	29% below HPI
2006 31 AUG	£124,995	£184,016	32% below HPI

12 THE PADDOCKS 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 THE PADDOCKS sales from August 2006 and August 2017 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 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2017 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 12 THE PADDOCKS be worth now?

12 THE PADDOCKS might now be worth an estimated £196,381.

This is based on house price inflation of 24.3%, between August 2017 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 24.3% inflationary increase is applied to the most recent sale price for 12 THE PADDOCKS of £158,000 on 14th August 2017. For the value to have increased from £158,000 to £196,381 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 12 THE PADDOCKS has moved in line with the HPI for detached houses in the South Holland local authority area.
• The August 2017 sale price of £158,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE PADDOCKS has not materially changed since August 2017.

How Large is 12 THE PADDOCKS?

12 THE PADDOCKS is 92m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 20% of detached houses houses in Gedney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gedney, and where 12 THE PADDOCKS lies on this distribution: 19% of detached houses houses are smaller than 12 THE PADDOCKS, and 80% of houses are larger. Note that EPC data is not available for all properties in Gedney.

12 THE PADDOCKS: Plot and Title Map

12 THE PADDOCKS sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 12 THE PADDOCKS, 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 THE PADDOCKS). 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 THE PADDOCKS?

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