2, SMITHDALE CLOSE, SPALDING, PE11 3YX - £300,000

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 SMITHDALE CLOSE is a small detached house of 90m², built sometime between 1991 and 1995, which could now be worth an estimated £278,889. It was last sold for £300,000 in September 2022, which was about the average September 2022 detached price in the South Holland local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was C.

2 SMITHDALE CLOSE Sold Prices

Land registry data shows four sales for 2 SMITHDALE 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. The four 2 SMITHDALE CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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 20 SEP	£300,000	£299,235	Close to HPI
2018 14 JUN	£239,000	£228,032	5% above HPI
2009 30 OCT	£147,012	£153,775	4% below HPI
1996 7 FEB	£67,500	£57,038	18% above HPI

2 SMITHDALE 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 SMITHDALE CLOSE sales between February 1996 and September 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 June 2018 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the September 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 2 SMITHDALE CLOSE be worth now?

2 SMITHDALE CLOSE might now be worth an estimated £278,889.

This is based on house price deflation of 7%, between September 2022 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 7% deflationary decrease is applied to the most recent sale price for 2 SMITHDALE CLOSE of £300,000 on 20th September 2022. For the value to have decreased from £300,000 to £278,889 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 SMITHDALE CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2022 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SMITHDALE CLOSE has not materially changed since September 2022.

How Large is 2 SMITHDALE CLOSE?

2 SMITHDALE CLOSE is 90m² according to the EPC inspection conducted in March 2021. 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 SMITHDALE CLOSE lies on this distribution: 27% of detached houses houses are smaller than 2 SMITHDALE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 SMITHDALE CLOSE: Plot and Title Map

2 SMITHDALE CLOSE sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 2 SMITHDALE 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 SMITHDALE 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 SMITHDALE CLOSE?

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