2, MENDIP CLOSE, SPALDING, PE11 3AR - £355,000

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 MENDIP CLOSE is a very large extended detached house of 158m², built sometime between 1983 and 1990. It was last sold for £355,000 in November 2021, which was around 33% above the average November 2021 detached price in the South Holland local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

2 MENDIP CLOSE Sold Prices

Land registry data shows three sales for 2 MENDIP 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 MENDIP 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
2021 24 NOV	£355,000	£267,601	33% above HPI
2007 29 JAN	£247,000	£185,646	33% above HPI
2005 13 DEC	£205,000	£173,356	18% above HPI

2 MENDIP 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 MENDIP CLOSE sales between December 2005 and November 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 January 2007 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the November 2021 sale, which was also at 33% above the HPI.

What might 2 MENDIP CLOSE be worth now?

2 MENDIP CLOSE might now be worth an estimated £379,394.

This is based on house price inflation of 6.9%, between November 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 6.9% inflationary increase is applied to the most recent sale price for 2 MENDIP CLOSE of £355,000 on 24th November 2021. For the value to have increased from £355,000 to £379,394 over the two years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 MENDIP CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The November 2021 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MENDIP CLOSE has not materially changed since November 2021.

How Large is 2 MENDIP CLOSE?

2 MENDIP CLOSE is 158m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 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 MENDIP CLOSE lies on this distribution: 86% of detached houses houses are smaller than 2 MENDIP CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 MENDIP CLOSE: Plot and Title Map

2 MENDIP CLOSE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 2 MENDIP 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 MENDIP 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 MENDIP CLOSE?

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