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

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

18 MAGELLAN WAY is a midsized extended detached house of 104m², built sometime between 1996 and 2002. It was last sold for £218,000 in May 2007, which was around 11% 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	£195,752	11% above HPI
2001 1 MAY	£119,950	£90,445	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 11% above the HPI. The line then continues to track at 11% above the HPI.

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 in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 18 MAGELLAN WAY lies on this distribution: 43% of detached houses are smaller than 18 MAGELLAN WAY, and 55% 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.