2, MEDWAY CLOSE, GOSBERTON, SPALDING, PE11 4HS - £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 MEDWAY CLOSE is a small extended detached house of 97m², built sometime between 1976 and 1982, which could now be worth an estimated £240,894. It was last sold for £155,000 in August 2006, which was around 16% below the average August 2006 detached price in the South Holland local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

2 MEDWAY CLOSE Sold Prices

Land registry data shows three sales for 2 MEDWAY 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. All of the three 2 MEDWAY 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
2006 25 AUG	£155,000	£184,016	16% below HPI
2001 19 NOV	£82,950	£98,168	16% below HPI
1998 30 JAN	£49,000	£60,701	19% below HPI

2 MEDWAY 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 MEDWAY CLOSE sales between January 1998 and August 2006 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 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2006 sale, which was also at 16% below the HPI.

What might 2 MEDWAY CLOSE be worth now?

2 MEDWAY CLOSE might now be worth an estimated £240,894.

This is based on house price inflation of 55.4%, between August 2006 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 55.4% inflationary increase is applied to the most recent sale price for 2 MEDWAY CLOSE of £155,000 on 25th August 2006. For the value to have increased from £155,000 to £240,894 over the seventeen years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 MEDWAY CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The August 2006 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MEDWAY CLOSE has not materially changed since August 2006.

How Large is 2 MEDWAY CLOSE?

2 MEDWAY CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the smallest 40% 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 MEDWAY CLOSE lies on this distribution: 36% of detached houses houses are smaller than 2 MEDWAY CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

2 MEDWAY CLOSE: Plot and Title Map

2 MEDWAY CLOSE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 2 MEDWAY 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 MEDWAY 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 MEDWAY CLOSE?

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