2, GALWAY CLOSE, SPALDING, PE11 3FL - £220,000

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 GALWAY CLOSE is a very small detached house of 75m², built sometime between 1996 and 2002. It was last sold for £220,000 in June 2021, which was around 13% below the average June 2021 detached price in the South Holland local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

2 GALWAY CLOSE Sold Prices

Land registry data shows four sales for 2 GALWAY 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 GALWAY 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 25 JUN	£220,000	£254,185	13% below HPI
2012 12 OCT	£127,500	£165,674	23% below HPI
2006 24 FEB	£147,000	£182,891	20% below HPI
1997 16 JUN	£55,750	£57,656	3% below HPI

2 GALWAY 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 GALWAY CLOSE sales between June 1997 and June 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 October 2012 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2021 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 GALWAY CLOSE be worth now?

2 GALWAY CLOSE might now be worth an estimated £247,527.

This is based on house price inflation of 12.5%, between June 2021 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 12.5% inflationary increase is applied to the most recent sale price for 2 GALWAY CLOSE of £220,000 on 25th June 2021. For the value to have increased from £220,000 to £247,527 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 2 GALWAY CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The June 2021 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GALWAY CLOSE has not materially changed since June 2021.

How Large is 2 GALWAY CLOSE?

2 GALWAY CLOSE is 75m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 20% 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 GALWAY CLOSE lies on this distribution: 12% of detached houses houses are smaller than 2 GALWAY CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 GALWAY CLOSE: Plot and Title Map

2 GALWAY CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 2 GALWAY 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 GALWAY 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 GALWAY CLOSE?

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