2, CASTLE CLOSE, SPALDING, PE11 2NJ - £125,000

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

2 CASTLE CLOSE is a very small detached house of 73m², built sometime between 1996 and 2002. It was last sold for £125,000 in February 2007, which was around 33% below the average February 2007 detached price in the South Holland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

2 CASTLE CLOSE Sold Prices

Land registry data shows four sales for 2 CASTLE CLOSE 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 2 CASTLE CLOSE 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
2007 23 FEB	£125,000	£187,594	33% below HPI
2004 9 NOV	£117,000	£163,324	28% below HPI
2004 8 APR	£107,000	£153,964	31% below HPI
2003 10 JAN	£90,000	£127,340	29% below HPI

2 CASTLE 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 four 2 CASTLE CLOSE sales between January 2003 and February 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 November 2004 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2007 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 2 CASTLE CLOSE?

2 CASTLE CLOSE is 73m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 2 CASTLE CLOSE lies on this distribution: 10% of detached houses are smaller than 2 CASTLE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 CASTLE CLOSE: Plot and Title Map

2 CASTLE CLOSE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 2 CASTLE 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 2 CASTLE 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 2 CASTLE CLOSE?

2 CASTLE CLOSE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 2 on CASTLE CLOSE.