15, LAVENDER DRIVE, SPALDING, PE11 1YR - £320,000

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.

15 LAVENDER DRIVE is a large extended detached house of 141m², built sometime between 2003 and 2006, which could now be worth an estimated £333,311. It was last sold for £320,000 in December 2021, which was around 20% above the average December 2021 detached price in the South Holland local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

15 LAVENDER DRIVE Sold Prices

Land registry data shows three sales for 15 LAVENDER DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Two of the three 15 LAVENDER DRIVE sales were for above the average price, whilst one was 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
2021 22 DEC	£320,000	£267,069	20% above HPI
2005 26 MAY	£160,000	£169,767	6% below HPI
1998 28 JUL	£67,500	£62,612	8% above HPI

15 LAVENDER DRIVE 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 three 15 LAVENDER DRIVE sales between July 1998 and December 2021 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 May 2005 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2021 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 15 LAVENDER DRIVE be worth now?

15 LAVENDER DRIVE might now be worth an estimated £333,311.

This is based on house price inflation of 4.2%, between December 2021 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 4.2% inflationary increase is applied to the most recent sale price for 15 LAVENDER DRIVE of £320,000 on 22nd December 2021. For the value to have increased from £320,000 to £333,311 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 LAVENDER DRIVE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The December 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 15 LAVENDER DRIVE has not materially changed since December 2021.

How Large is 15 LAVENDER DRIVE?

15 LAVENDER DRIVE is 141m², which includes one extension, according to the EPC inspection conducted in April 2021. This puts it in the largest 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 15 LAVENDER DRIVE lies on this distribution: 78% of detached houses houses are smaller than 15 LAVENDER DRIVE, and 21% of houses are larger. Note that EPC data is not available for all properties in Spalding.

15 LAVENDER DRIVE: Plot and Title Map

15 LAVENDER DRIVE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 15 LAVENDER DRIVE, 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 15 LAVENDER DRIVE). 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 15 LAVENDER DRIVE?

15 LAVENDER DRIVE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 15 on LAVENDER DRIVE.