25, FRANKLIN DRIVE, SPALDING, PE11 2GF - £215,000

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

25 FRANKLIN DRIVE is a very small detached house of 64m², built sometime between 2003 and 2006. It was last sold for £215,000 in October 2022, which was around 28% below the average October 2022 detached price in the South Holland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

25 FRANKLIN DRIVE Sold Prices

Land registry data shows four sales for 25 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 25 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
2022 28 OCT	£215,000	£300,105	28% below HPI
2016 24 AUG	£153,000	£209,571	27% below HPI
2015 18 NOV	£150,000	£197,594	24% below HPI
2004 15 APR	£127,950	£153,964	17% below HPI

25 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 25 FRANKLIN DRIVE sales between April 2004 and October 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 August 2016 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 25 FRANKLIN DRIVE?

25 FRANKLIN DRIVE is 64m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 25 FRANKLIN DRIVE lies on this distribution: 5% of detached houses are smaller than 25 FRANKLIN DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Spalding.

25 FRANKLIN DRIVE: Plot and Title Map

25 FRANKLIN DRIVE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 25 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 25 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 25 FRANKLIN DRIVE?

25 FRANKLIN DRIVE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 25 on FRANKLIN DRIVE.