2, NILE DRIVE, SPALDING, PE11 3NT - £306,500

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 NILE DRIVE is a large detached house of 123m², which could now be worth an estimated £312,088. It was last sold for £306,500 in April 2022, which was around 9% above the average April 2022 detached price in the South Holland local authority area. The most recent EPC inspection was December 2012, where the current energy rating was B, and the potential energy rating was B.

2 NILE DRIVE Sold Prices

Land registry data shows three sales for 2 NILE DRIVE 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. Two of the three 2 NILE DRIVE sales were for above the average price, whilst one was 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
2022 29 APR	£306,500	£280,868	9% above HPI
2018 3 AUG	£225,000	£235,847	5% below HPI
2012 20 DEC	£192,500	£168,157	14% above HPI

2 NILE DRIVE 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 NILE DRIVE sales between December 2012 and April 2022 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 August 2018 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the April 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 NILE DRIVE be worth now?

2 NILE DRIVE might now be worth an estimated £312,088.

This is based on house price inflation of 1.8%, between April 2022 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 1.8% inflationary increase is applied to the most recent sale price for 2 NILE DRIVE of £306,500 on 29th April 2022. For the value to have increased from £306,500 to £312,088 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of 2 NILE DRIVE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The April 2022 sale price of £306,500 represented a fair market value for the property.
• The size, condition, and specification of 2 NILE DRIVE has not materially changed since April 2022.

How Large is 2 NILE DRIVE?

2 NILE DRIVE is 123m² according to the EPC inspection conducted in December 2012. This puts it in the largest 40% 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 NILE DRIVE lies on this distribution: 64% of detached houses houses are smaller than 2 NILE DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 NILE DRIVE: Plot and Title Map

2 NILE DRIVE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 2 NILE DRIVE, 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 NILE DRIVE). 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 NILE DRIVE?

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