2, FIELD CLOSE, GOSBERTON, SPALDING, PE11 4NY - £187,000

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 FIELD CLOSE is a very small extended detached house of 79m², built sometime between 1976 and 1982, which could now be worth an estimated £223,434. It was last sold for £187,000 in February 2019, which was around 20% below the average February 2019 detached price in the South Holland local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

2 FIELD CLOSE Sold Prices

Land registry data shows four sales for 2 FIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the four 2 FIELD 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
2019 27 FEB	£187,000	£232,817	20% below HPI
2006 19 MAY	£150,000	£175,528	15% below HPI
2004 26 JUL	£124,000	£156,231	21% below HPI
1999 29 NOV	£59,995	£72,013	17% below HPI

2 FIELD 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 four 2 FIELD CLOSE sales between November 1999 and February 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 May 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2019 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 FIELD CLOSE be worth now?

2 FIELD CLOSE might now be worth an estimated £223,434.

This is based on house price inflation of 19.5%, between February 2019 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 19.5% inflationary increase is applied to the most recent sale price for 2 FIELD CLOSE of £187,000 on 27th February 2019. For the value to have increased from £187,000 to £223,434 over the six years to February 2025, the following assumptions must hold true:

• The value of 2 FIELD CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The February 2019 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FIELD CLOSE has not materially changed since February 2019.

How Large is 2 FIELD CLOSE?

2 FIELD CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses houses in Gosberton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosberton, and where 2 FIELD CLOSE lies on this distribution: 20% of detached houses houses are smaller than 2 FIELD CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

2 FIELD CLOSE: Plot and Title Map

2 FIELD CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 2 FIELD 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 FIELD 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 FIELD CLOSE?

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