2, DECOY CLOSE, PINCHBECK, SPALDING, PE11 3JS - £137,000

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 DECOY CLOSE is a very small detached house of 66m², built sometime between 1991 and 1995, which could now be worth an estimated £238,417. It was last sold for £137,000 in May 2011, which was around 17% below the average May 2011 detached price in the South Holland local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

2 DECOY CLOSE Sold Prices

Land registry data shows two sales for 2 DECOY CLOSE 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 2 DECOY 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
2011 10 MAY	£137,000	£164,336	17% below HPI
2009 3 NOV	£125,000	£159,145	21% below HPI

2 DECOY 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 two 2 DECOY CLOSE sales from November 2009 and May 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 November 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2011 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 DECOY CLOSE be worth now?

2 DECOY CLOSE might now be worth an estimated £238,417.

This is based on house price inflation of 74%, between May 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 74% inflationary increase is applied to the most recent sale price for 2 DECOY CLOSE of £137,000 on 10th May 2011. For the value to have increased from £137,000 to £238,417 over the twelve years and five months to December 2024, the following assumptions must hold true:

• The value of 2 DECOY CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The May 2011 sale price of £137,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DECOY CLOSE has not materially changed since May 2011.

How Large is 2 DECOY CLOSE?

2 DECOY CLOSE is 66m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 10% of detached houses houses in Pinchbeck, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pinchbeck, and where 2 DECOY CLOSE lies on this distribution: 8% of detached houses houses are smaller than 2 DECOY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

2 DECOY CLOSE: Plot and Title Map

2 DECOY CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 2 DECOY 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 DECOY 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 DECOY CLOSE?

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