20, MAGELLAN WAY, SPALDING, PE11 2FH - £199,000

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

20 MAGELLAN WAY is a midsized extended detached house of 104m², built sometime between 1996 and 2002. It was last sold for £199,000 in November 2015, which was around 1% above the average November 2015 detached price in the South Holland local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was C.

20 MAGELLAN WAY Sold Prices

Land registry data shows two sales for 20 MAGELLAN WAY 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 20 MAGELLAN WAY 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
2015 6 NOV	£199,000	£197,594	1% above HPI
2001 24 AUG	£114,950	£97,348	18% above HPI

20 MAGELLAN WAY 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 20 MAGELLAN WAY sales from August 2001 and November 2015 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 August 2001 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the November 2015 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 20 MAGELLAN WAY?

20 MAGELLAN WAY is 104m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 50% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 20 MAGELLAN WAY lies on this distribution: 43% of detached houses are smaller than 20 MAGELLAN WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Spalding.

20 MAGELLAN WAY: Plot and Title Map

20 MAGELLAN WAY sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 20 MAGELLAN WAY, 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 20 MAGELLAN WAY). 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 20 MAGELLAN WAY?

20 MAGELLAN WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 20 on MAGELLAN WAY.