2, CLEVELAND CLOSE, SPALDING, PE12 6BE - £183,000

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.

2 CLEVELAND CLOSE is a midsized extended detached house of 103m², built sometime between 1976 and 1982, which could now be worth an estimated £207,123. It was last sold for £183,000 in February 2021, which was around 26% below the average February 2021 detached price in the South Holland local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was B.

2 CLEVELAND CLOSE Sold Prices

Land registry data shows three sales for 2 CLEVELAND CLOSE 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 CLEVELAND 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
2021 19 FEB	£183,000	£245,780	26% below HPI
2005 11 NOV	£29,500	£172,620	83% below HPI
2001 8 NOV	£94,500	£98,168	4% below HPI

2 CLEVELAND 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 three 2 CLEVELAND CLOSE sales between November 2001 and February 2021 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 2005 sale was for 83% below the HPI. So the extrapolation line tracks at 83% below the HPI over time, until the February 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 2 CLEVELAND CLOSE be worth now?

2 CLEVELAND CLOSE might now be worth an estimated £207,123.

This is based on house price inflation of 13.2%, between February 2021 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 13.2% inflationary increase is applied to the most recent sale price for 2 CLEVELAND CLOSE of £183,000 on 19th February 2021. For the value to have increased from £183,000 to £207,123 over the four years to February 2025, the following assumptions must hold true:

• The value of 2 CLEVELAND CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The February 2021 sale price of £183,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CLEVELAND CLOSE has not materially changed since February 2021.

How Large is 2 CLEVELAND CLOSE?

2 CLEVELAND CLOSE is 103m², which includes one extension, according to the EPC inspection conducted in July 2020. 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 2 CLEVELAND CLOSE lies on this distribution: 42% of detached houses houses are smaller than 2 CLEVELAND CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 CLEVELAND CLOSE: Plot and Title Map

2 CLEVELAND CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 2 CLEVELAND 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 CLEVELAND 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 CLEVELAND CLOSE?

2 CLEVELAND CLOSE is located in SPALDING, in the PE12 postcode district. The below map shows the position of No. 2 on CLEVELAND CLOSE.