28, HILLGATE, GEDNEY HILL, SPALDING, PE12 0NN - £122,500

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.

28 HILLGATE is a very small detached house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £156,319. It was last sold for £122,500 in March 2017, which was around 43% below the average March 2017 detached price in the South Holland local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was A.

28 HILLGATE Sold Prices

Land registry data shows two sales for 28 HILLGATE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Both of the two 28 HILLGATE 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
2017 10 MAR	£122,500	£216,487	43% below HPI
1998 28 AUG	£39,500	£62,869	37% below HPI

28 HILLGATE 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 two 28 HILLGATE sales from August 1998 and March 2017 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 1998 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2017 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 28 HILLGATE be worth now?

28 HILLGATE might now be worth an estimated £156,319.

This is based on house price inflation of 27.6%, between March 2017 and March 2025, 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 27.6% inflationary increase is applied to the most recent sale price for 28 HILLGATE of £122,500 on 10th March 2017. For the value to have increased from £122,500 to £156,319 over the eight years to March 2025, the following assumptions must hold true:

• The value of 28 HILLGATE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The March 2017 sale price of £122,500 represented a fair market value for the property.
• The size, condition, and specification of 28 HILLGATE has not materially changed since March 2017.

How Large is 28 HILLGATE?

28 HILLGATE is 80m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 10% of detached houses houses in Gedney Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gedney Hill, and where 28 HILLGATE lies on this distribution: 8% of detached houses houses are smaller than 28 HILLGATE, and 92% of houses are larger. Note that EPC data is not available for all properties in Gedney Hill.

28 HILLGATE: Plot and Title Map

28 HILLGATE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 28 HILLGATE, 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 28 HILLGATE). 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 28 HILLGATE?

28 HILLGATE is located in GEDNEY HILL, in the PE12 postcode district. The below map shows the position of No. 28 on HILLGATE.