2, WALLACE STREET, SPALDING, PE11 1XY - £185,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 WALLACE STREET is a very small detached house of 82m². It was last sold for £185,000 in May 2021, which was around 26% below the average May 2021 detached price in the South Holland local authority area. The most recent EPC inspection was November 2019, where the current energy rating was B, and the potential energy rating was B.

2 WALLACE STREET Sold Prices

Land registry data shows two sales for 2 WALLACE STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Both of the two 2 WALLACE STREET 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
2021 28 MAY	£185,000	£250,598	26% below HPI
2019 27 NOV	£184,995	£235,577	21% below HPI

2 WALLACE STREET 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 two 2 WALLACE STREET sales from November 2019 and May 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 November 2019 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 WALLACE STREET?

2 WALLACE STREET is 82m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 20% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 2 WALLACE STREET lies on this distribution: 18% of detached houses are smaller than 2 WALLACE STREET, and 81% of houses are larger. Note that EPC data is not available for all properties in Spalding.

2 WALLACE STREET: Plot and Title Map

2 WALLACE STREET sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 2 WALLACE STREET, 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 WALLACE STREET). 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 WALLACE STREET?

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