240, PARK ROAD, SPALDING, PE11 1QZ - £143,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

240 PARK ROAD is a small extended semi-detached house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £218,403. It was last sold for £143,500 in February 2015, which was around 14% above the average February 2015 semi-detached price in the South Holland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

240 PARK ROAD Sold Prices

Land registry data shows two sales for 240 PARK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Holland local authority area for the corresponding sale date. Both of the two 240 PARK ROAD 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 27 FEB	£143,500	£125,514	14% above HPI
2003 24 MAR	£107,995	£82,528	31% above HPI

240 PARK ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Holland local authority area over time, sourced from the HPI. The two 240 PARK ROAD sales from March 2003 and February 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 March 2003 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the February 2015 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 240 PARK ROAD be worth now?

240 PARK ROAD might now be worth an estimated £218,403.

This is based on house price inflation of 52.2%, between February 2015 and February 2025, for semi-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 52.2% inflationary increase is applied to the most recent sale price for 240 PARK ROAD of £143,500 on 27th February 2015. For the value to have increased from £143,500 to £218,403 over the ten years to February 2025, the following assumptions must hold true:

• The value of 240 PARK ROAD has moved in line with the HPI for semi-detached houses in the South Holland local authority area.
• The February 2015 sale price of £143,500 represented a fair market value for the property.
• The size, condition, and specification of 240 PARK ROAD has not materially changed since February 2015.

How Large is 240 PARK ROAD?

240 PARK ROAD is 88m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% of semi-detached houses houses in Spalding, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Spalding, and where 240 PARK ROAD lies on this distribution: 25% of semi-detached houses houses are smaller than 240 PARK ROAD, and 74% of houses are larger. Note that EPC data is not available for all properties in Spalding.

240 PARK ROAD: Plot and Title Map

240 PARK ROAD sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 240 PARK ROAD, 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 240 PARK ROAD). 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 240 PARK ROAD?

240 PARK ROAD is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 240 on PARK ROAD.