2, CHERRY LANE, FLEET HARGATE, SPALDING, PE12 8NY - £215,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 CHERRY LANE is a very small extended detached house of 71m², built sometime between 1996 and 2002. It was last sold for £215,000 in June 2019, which was around 9% below the average June 2019 detached price in the South Holland local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

2 CHERRY LANE Sold Prices

Land registry data shows three sales for 2 CHERRY LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the three 2 CHERRY LANE 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
2019 27 JUN	£215,000	£236,264	9% below HPI
2006 14 DEC	£169,995	£186,575	9% below HPI
1999 2 NOV	£67,500	£72,367	7% below HPI

2 CHERRY LANE 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 three 2 CHERRY LANE sales between November 1999 and June 2019 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 December 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2019 sale, which was also at 9% below the HPI.

How Large is 2 CHERRY LANE?

2 CHERRY LANE is 71m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 20% of detached houses in Fleet Hargate, based on EPC data. The below chart shows the distribution of detached houses by size in Fleet Hargate, and where 2 CHERRY LANE lies on this distribution: 16% of detached houses are smaller than 2 CHERRY LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Fleet Hargate.

2 CHERRY LANE: Plot and Title Map

2 CHERRY LANE sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of 2 CHERRY LANE, 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 CHERRY LANE). 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 CHERRY LANE?

2 CHERRY LANE is located in FLEET HARGATE, in the PE12 postcode district. The below map shows the position of No. 2 on CHERRY LANE.