23, MAGELLAN WAY, SPALDING, PE11 2FG - £209,000

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

23 MAGELLAN WAY is a small detached house of 94m², built sometime between 1996 and 2002. It was last sold for £209,000 in August 2020, which was around 10% below the average August 2020 detached price in the South Holland local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was B.

23 MAGELLAN WAY Sold Prices

Land registry data shows four sales for 23 MAGELLAN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the four 23 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
2020 25 AUG	£209,000	£233,088	10% below HPI
2015 15 JUL	£147,500	£196,793	25% below HPI
2009 29 SEP	£120,000	£155,852	23% below HPI
2002 3 MAY	£87,950	£106,845	18% below HPI

23 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 four 23 MAGELLAN WAY sales between May 2002 and August 2020 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 July 2015 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 23 MAGELLAN WAY?

23 MAGELLAN WAY is 94m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 23 MAGELLAN WAY lies on this distribution: 32% of detached houses are smaller than 23 MAGELLAN WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Spalding.

23 MAGELLAN WAY: Plot and Title Map

23 MAGELLAN WAY sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 23 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 23 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 23 MAGELLAN WAY?

23 MAGELLAN WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 23 on MAGELLAN WAY.