2, SOUTHGATE SPINNEYS, SOUTH RAUCEBY, SLEAFORD, NG34 8QF - £325,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 SOUTHGATE SPINNEYS is a small extended detached house of 127m², built sometime between 1950 and 1966. It was last sold for £325,000 in March 2018, which was around 36% above the average March 2018 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2011, where the current energy rating was F, and the potential energy rating was F.

2 SOUTHGATE SPINNEYS Sold Prices

Land registry data shows three sales for 2 SOUTHGATE SPINNEYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 2 SOUTHGATE SPINNEYS 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
2018 8 MAR	£325,000	£238,220	36% above HPI
2017 6 OCT	£365,000	£236,827	54% above HPI
2013 3 MAY	£239,000	£186,227	28% above HPI

2 SOUTHGATE SPINNEYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 2 SOUTHGATE SPINNEYS sales between May 2013 and March 2018 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 October 2017 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the March 2018 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is 2 SOUTHGATE SPINNEYS?

2 SOUTHGATE SPINNEYS is 127m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 30% of detached houses in South Rauceby, based on EPC data. The below chart shows the distribution of detached houses by size in South Rauceby, and where 2 SOUTHGATE SPINNEYS lies on this distribution: 27% of detached houses are smaller than 2 SOUTHGATE SPINNEYS, and 73% of houses are larger. Note that EPC data is not available for all properties in South Rauceby.

2 SOUTHGATE SPINNEYS: Plot and Title Map

2 SOUTHGATE SPINNEYS sits on a plot of roughly 0.399 of an acre, or 1,614m². The below map shows the location of 2 SOUTHGATE SPINNEYS, 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 SOUTHGATE SPINNEYS). 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 SOUTHGATE SPINNEYS?

2 SOUTHGATE SPINNEYS is located in SOUTH RAUCEBY, in the NG34 postcode district. The below map shows the position of No. 2 on SOUTHGATE SPINNEYS.