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

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 WALLACE STREET is a very small detached house of 82m², which could now be worth an estimated £206,371. 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	£249,371	26% below HPI
2019 27 NOV	£184,995	£234,423	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.

What might 2 WALLACE STREET be worth now?

2 WALLACE STREET might now be worth an estimated £206,371.

This is based on house price inflation of 11.6%, between May 2021 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 11.6% inflationary increase is applied to the most recent sale price for 2 WALLACE STREET of £185,000 on 28th May 2021. For the value to have increased from £185,000 to £206,371 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 2 WALLACE STREET has moved in line with the HPI for detached houses in the South Holland local authority area.
• The May 2021 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WALLACE STREET has not materially changed since May 2021.

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 houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spalding, and where 2 WALLACE STREET lies on this distribution: 19% of detached houses houses are smaller than 2 WALLACE STREET, and 80% 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.