2, PARK ROAD, SPALDING, PE11 1NH - £135,000

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 PARK ROAD is a small extended detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £209,718. It was last sold for £135,000 in June 2006, which was around 25% below the average June 2006 detached price in the South Holland local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was C.

2 PARK ROAD Sold Prices

Land registry data shows four sales for 2 PARK ROAD 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 PARK ROAD 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 16 JUN	£135,000	£179,069	25% below HPI
2004 26 JUL	£131,500	£156,231	16% below HPI
2002 28 JUN	£94,000	£108,738	14% below HPI
1999 7 MAY	£42,000	£70,028	40% below HPI

2 PARK ROAD 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 PARK ROAD sales between May 1999 and June 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 July 2004 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2006 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 PARK ROAD be worth now?

2 PARK ROAD might now be worth an estimated £209,718.

This is based on house price inflation of 55.3%, between June 2006 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 55.3% inflationary increase is applied to the most recent sale price for 2 PARK ROAD of £135,000 on 16th June 2006. For the value to have increased from £135,000 to £209,718 over the nineteen years and four months to February 2025, the following assumptions must hold true:

• The value of 2 PARK ROAD has moved in line with the HPI for detached houses in the South Holland local authority area.
• The June 2006 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK ROAD has not materially changed since June 2006.

How Large is 2 PARK ROAD?

2 PARK ROAD is 85m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the smallest 30% 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 PARK ROAD lies on this distribution: 23% of detached houses houses are smaller than 2 PARK ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 PARK ROAD: Plot and Title Map

2 PARK ROAD sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 2 PARK ROAD, 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 PARK ROAD). 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 PARK ROAD?

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