16, SORREL DRIVE, SPALDING, PE11 3GN - £205,000

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.

16 SORREL DRIVE is a very small detached house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £241,794. It was last sold for £205,000 in August 2018, which was around 13% below the average August 2018 detached price in the South Holland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

16 SORREL DRIVE Sold Prices

Land registry data shows four sales for 16 SORREL DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the four 16 SORREL DRIVE 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
2018 29 AUG	£205,000	£235,847	13% below HPI
2006 7 APR	£150,000	£178,988	16% below HPI
2002 18 OCT	£114,500	£122,703	7% below HPI
2000 17 APR	£65,950	£77,085	14% below HPI

16 SORREL 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 four 16 SORREL DRIVE sales between April 2000 and August 2018 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 April 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2018 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 16 SORREL DRIVE be worth now?

16 SORREL DRIVE might now be worth an estimated £241,794.

This is based on house price inflation of 17.9%, between August 2018 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 17.9% inflationary increase is applied to the most recent sale price for 16 SORREL DRIVE of £205,000 on 29th August 2018. For the value to have increased from £205,000 to £241,794 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 16 SORREL DRIVE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The August 2018 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SORREL DRIVE has not materially changed since August 2018.

How Large is 16 SORREL DRIVE?

16 SORREL DRIVE is 81m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% 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 16 SORREL DRIVE lies on this distribution: 18% of detached houses houses are smaller than 16 SORREL DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Spalding.

16 SORREL DRIVE: Plot and Title Map

16 SORREL DRIVE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 16 SORREL 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 16 SORREL 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 16 SORREL DRIVE?

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