2, DRAKE CLOSE, SPALDING, PE11 2FY - £218,500

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 DRAKE CLOSE is a large extended detached house of 137m², built sometime between 1996 and 2002. It was last sold for £218,500 in February 2016, which was around 8% above the average February 2016 detached price in the South Holland local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

2 DRAKE CLOSE Sold Prices

Land registry data shows two sales for 2 DRAKE 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 DRAKE CLOSE sales were 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
2016 26 FEB	£218,500	£202,095	8% above HPI
2002 26 JUL	£123,950	£111,869	11% above HPI

2 DRAKE 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 DRAKE CLOSE sales from July 2002 and February 2016 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 July 2002 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the February 2016 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 2 DRAKE CLOSE?

2 DRAKE CLOSE is 137m², which includes three extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 30% 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 DRAKE CLOSE lies on this distribution: 76% of detached houses are smaller than 2 DRAKE CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 DRAKE CLOSE: Plot and Title Map

2 DRAKE CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 2 DRAKE 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 DRAKE 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 DRAKE CLOSE?

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