24, GERSHWIN LANE, SPALDING, PE11 3WF - £375,000

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

24 GERSHWIN LANE is a large detached house of 141m², built sometime between 2003 and 2006, which could now be worth an estimated £372,618. It was last sold for £375,000 in June 2022, which was around 30% above the average June 2022 detached price in the South Holland local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

24 GERSHWIN LANE Sold Prices

Land registry data shows three sales for 24 GERSHWIN LANE 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 24 GERSHWIN LANE 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
2022 7 JUN	£375,000	£287,817	30% above HPI
2014 1 DEC	£232,500	£182,982	27% above HPI
2008 17 JUN	£249,995	£191,249	31% above HPI

24 GERSHWIN LANE 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 24 GERSHWIN LANE sales between June 2008 and June 2022 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 December 2014 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the June 2022 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 24 GERSHWIN LANE be worth now?

24 GERSHWIN LANE might now be worth an estimated £372,618.

This is based on house price deflation of 0.6%, between June 2022 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 0.6% deflationary decrease is applied to the most recent sale price for 24 GERSHWIN LANE of £375,000 on 7th June 2022. For the value to have decreased from £375,000 to £372,618 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of 24 GERSHWIN LANE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The June 2022 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GERSHWIN LANE has not materially changed since June 2022.

How Large is 24 GERSHWIN LANE?

24 GERSHWIN LANE is 141m² according to the EPC inspection conducted in August 2024. This puts it in the largest 30% 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 24 GERSHWIN LANE lies on this distribution: 78% of detached houses houses are smaller than 24 GERSHWIN LANE, and 21% of houses are larger. Note that EPC data is not available for all properties in Spalding.

24 GERSHWIN LANE: Plot and Title Map

24 GERSHWIN LANE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 24 GERSHWIN LANE, 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 GERSHWIN LANE). 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 GERSHWIN LANE?

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