18, MAGELLAN WAY, SPALDING, PE11 2FH - £218,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 MAGELLAN WAY is a midsized extended detached house of 104m², built sometime between 1996 and 2002, which could now be worth an estimated £320,061. It was last sold for £218,000 in May 2007, which was around 12% above the average May 2007 detached price in the South Holland local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

18 MAGELLAN WAY Sold Prices

Land registry data shows two sales for 18 MAGELLAN WAY 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 18 MAGELLAN WAY 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
2007 22 MAY	£218,000	£194,793	12% above HPI
2001 1 MAY	£119,950	£90,002	33% above HPI

18 MAGELLAN WAY 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 18 MAGELLAN WAY sales from May 2001 and May 2007 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 2001 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the May 2007 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 18 MAGELLAN WAY be worth now?

18 MAGELLAN WAY might now be worth an estimated £320,061.

This is based on house price inflation of 46.8%, between May 2007 and December 2024, 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 46.8% inflationary increase is applied to the most recent sale price for 18 MAGELLAN WAY of £218,000 on 22nd May 2007. For the value to have increased from £218,000 to £320,061 over the sixteen years and five months to December 2024, the following assumptions must hold true:

• The value of 18 MAGELLAN WAY has moved in line with the HPI for detached houses in the South Holland local authority area.
• The May 2007 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 18 MAGELLAN WAY has not materially changed since May 2007.

How Large is 18 MAGELLAN WAY?

18 MAGELLAN WAY is 104m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the smallest 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 18 MAGELLAN WAY lies on this distribution: 43% of detached houses houses are smaller than 18 MAGELLAN WAY, and 56% of houses are larger. Note that EPC data is not available for all properties in Spalding.

18 MAGELLAN WAY: Plot and Title Map

18 MAGELLAN WAY sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 18 MAGELLAN WAY, 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 18 MAGELLAN WAY). 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 18 MAGELLAN WAY?

18 MAGELLAN WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 18 on MAGELLAN WAY.