15, MALVERN CLOSE, SPALDING, PE11 2DQ - £285,000

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 MALVERN CLOSE is a midsized extended detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £290,192. It was last sold for £285,000 in February 2022, which was around 4% above the average February 2022 detached price in the South Holland local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

15 MALVERN CLOSE Sold Prices

Land registry data shows five sales for 15 MALVERN 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 15 MALVERN CLOSE 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
2022 28 FEB	£285,000	£273,201	4% above HPI
2020 22 MAY	£240,000	£232,735	3% above HPI
2017 5 MAY	£225,000	£220,123	2% above HPI
2003 15 AUG	£145,000	£137,065	6% above HPI
1997 19 DEC	£66,000	£61,347	8% above HPI

15 MALVERN 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 15 MALVERN CLOSE sales between December 1997 and February 2022 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 2020 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2022 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 15 MALVERN CLOSE be worth now?

15 MALVERN CLOSE might now be worth an estimated £290,192.

This is based on house price inflation of 1.8%, between February 2022 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 1.8% inflationary increase is applied to the most recent sale price for 15 MALVERN CLOSE of £285,000 on 28th February 2022. For the value to have increased from £285,000 to £290,192 over the three years to February 2025, the following assumptions must hold true:

• The value of 15 MALVERN CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The February 2022 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MALVERN CLOSE has not materially changed since February 2022.

How Large is 15 MALVERN CLOSE?

15 MALVERN CLOSE is 116m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the largest 50% 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 MALVERN CLOSE lies on this distribution: 55% of detached houses houses are smaller than 15 MALVERN CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Spalding.

15 MALVERN CLOSE: Plot and Title Map

15 MALVERN CLOSE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 15 MALVERN 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 15 MALVERN 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 15 MALVERN CLOSE?

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