2, COLES CLOSE, HOLBEACH, SPALDING, PE12 7QT - £155,000

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

2 COLES CLOSE is a small detached house of 82m², built sometime between 1991 and 1995, which could now be worth an estimated £279,443. It was last sold for £155,000 in June 2011, which was around 2% below the average June 2011 detached price in the South Holland local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.

2 COLES CLOSE Sold Prices

Land registry data shows three sales for 2 COLES 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. Two of the three 2 COLES CLOSE sales were for below the average price, whilst one was 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
2011 30 JUN	£155,000	£158,631	2% below HPI
2009 30 OCT	£142,000	£153,775	8% below HPI
1997 19 SEP	£67,500	£58,968	14% above HPI

2 COLES 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 COLES CLOSE sales between September 1997 and June 2011 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 October 2009 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2011 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 2 COLES CLOSE be worth now?

2 COLES CLOSE might now be worth an estimated £279,443.

This is based on house price inflation of 80.3%, between June 2011 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 80.3% inflationary increase is applied to the most recent sale price for 2 COLES CLOSE of £155,000 on 30th June 2011. For the value to have increased from £155,000 to £279,443 over the twelve years and six months to December 2024, the following assumptions must hold true:

• The value of 2 COLES CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The June 2011 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 2 COLES CLOSE has not materially changed since June 2011.

How Large is 2 COLES CLOSE?

2 COLES CLOSE is 82m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 30% of detached houses houses in Holbeach, based on EPC data. The below chart shows the distribution of detached houses houses by size in Holbeach, and where 2 COLES CLOSE lies on this distribution: 25% of detached houses houses are smaller than 2 COLES CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Holbeach.

2 COLES CLOSE: Plot and Title Map

2 COLES CLOSE sits on a plot of roughly 0.196 of an acre, or 792m². The below map shows the location of 2 COLES 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 COLES 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 COLES CLOSE?

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