16, MILES BANK, SPALDING, PE11 3EZ - £445,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

16 MILES BANK is a very large extended detached house of 197m², built sometime between 1991 and 1995. It was last sold for £445,000 in March 2022, which was around 60% above the average March 2022 detached price in the South Holland local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was C.

16 MILES BANK Sold Prices

Land registry data shows six sales for 16 MILES BANK since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the six 16 MILES BANK 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 21 MAR	£445,000	£278,665	60% above HPI
2014 10 FEB	£299,995	£174,564	72% above HPI
2009 22 DEC	£285,000	£164,536	73% above HPI
2006 14 JUL	£285,000	£181,780	57% above HPI
2000 12 MAY	£160,000	£78,776	103% above HPI
1995 2 NOV	£121,000	£56,272	115% above HPI

16 MILES BANK 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 six 16 MILES BANK sales between November 1995 and March 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 February 2014 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the March 2022 sale, where it falls to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is 16 MILES BANK?

16 MILES BANK is 197m², which includes two extensions, according to the EPC inspection conducted in June 2013. This puts it in the largest 10% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 16 MILES BANK lies on this distribution: 95% of detached houses are smaller than 16 MILES BANK, and 5% of houses are larger. Note that EPC data is not available for all properties in Spalding.

16 MILES BANK: Plot and Title Map

16 MILES BANK sits on a plot of roughly 0.179 of an acre, or 725m². The below map shows the location of 16 MILES BANK, 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 16 MILES BANK). 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 16 MILES BANK?

16 MILES BANK is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 16 on MILES BANK.