24, FRANKLIN DRIVE, SPALDING, PE11 2GF - £197,500

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

24 FRANKLIN DRIVE is a small extended detached house of 97m², built sometime between 2003 and 2006. It was last sold for £197,500 in December 2021, which was around 26% below the average December 2021 detached price in the South Holland local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

24 FRANKLIN DRIVE Sold Prices

Land registry data shows four sales for 24 FRANKLIN DRIVE 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 24 FRANKLIN DRIVE 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 2 DEC	£197,500	£268,384	26% below HPI
2017 27 JAN	£169,950	£212,810	20% below HPI
2007 24 JAN	£169,000	£186,560	9% below HPI
2004 20 AUG	£154,950	£157,641	2% below HPI

24 FRANKLIN DRIVE 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 24 FRANKLIN DRIVE sales between August 2004 and December 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 January 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 24 FRANKLIN DRIVE?

24 FRANKLIN DRIVE is 97m², which includes two extensions, according to the EPC inspection conducted in May 2023. 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 24 FRANKLIN DRIVE lies on this distribution: 34% of detached houses are smaller than 24 FRANKLIN DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Spalding.

24 FRANKLIN DRIVE: Plot and Title Map

24 FRANKLIN DRIVE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 24 FRANKLIN DRIVE, 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 24 FRANKLIN DRIVE). 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 24 FRANKLIN DRIVE?

24 FRANKLIN DRIVE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 24 on FRANKLIN DRIVE.