21, MAGELLAN WAY, SPALDING, PE11 2FG - £140,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

21 MAGELLAN WAY is a very small detached house of 48m², built sometime between 1996 and 2002, which could now be worth an estimated £232,250. It was last sold for £140,000 in June 2005, which was around 19% below the average June 2005 detached price in the South Holland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

21 MAGELLAN WAY Sold Prices

Land registry data shows three sales for 21 MAGELLAN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the three 21 MAGELLAN WAY 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
2005 16 JUN	£140,000	£172,394	19% below HPI
2003 7 FEB	£112,500	£128,918	13% below HPI
2001 26 OCT	£84,950	£99,794	15% below HPI

21 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 three 21 MAGELLAN WAY sales between October 2001 and June 2005 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 February 2003 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2005 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 21 MAGELLAN WAY be worth now?

21 MAGELLAN WAY might now be worth an estimated £232,250.

This is based on house price inflation of 65.9%, between June 2005 and December 2024, 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 65.9% inflationary increase is applied to the most recent sale price for 21 MAGELLAN WAY of £140,000 on 16th June 2005. For the value to have increased from £140,000 to £232,250 over the eighteen years and six months to December 2024, the following assumptions must hold true:

• The value of 21 MAGELLAN WAY has moved in line with the HPI for detached houses in the South Holland local authority area.
• The June 2005 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 21 MAGELLAN WAY has not materially changed since June 2005.

How Large is 21 MAGELLAN WAY?

21 MAGELLAN WAY is 48m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% 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 21 MAGELLAN WAY lies on this distribution: Less than 1% of detached houses houses are smaller than 21 MAGELLAN WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Spalding.

21 MAGELLAN WAY: Plot and Title Map

21 MAGELLAN WAY sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 21 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 21 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 21 MAGELLAN WAY?

21 MAGELLAN WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 21 on MAGELLAN WAY.