28, MONKS HOUSE LANE, SPALDING, PE11 3LH - £316,000

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 MONKS HOUSE LANE is a very large extended detached house of 162m², built sometime between 1983 and 1990, which could now be worth an estimated £372,717. It was last sold for £316,000 in August 2018, which was around 34% above the average August 2018 detached price in the South Holland local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

28 MONKS HOUSE LANE Sold Prices

Land registry data shows two sales for 28 MONKS HOUSE LANE 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 MONKS HOUSE 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
2018 29 AUG	£316,000	£235,847	34% above HPI
1997 30 MAY	£89,000	£58,771	51% above HPI

28 MONKS HOUSE 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 two 28 MONKS HOUSE LANE sales from May 1997 and August 2018 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 May 1997 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the August 2018 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 28 MONKS HOUSE LANE be worth now?

28 MONKS HOUSE LANE might now be worth an estimated £372,717.

This is based on house price inflation of 17.9%, between August 2018 and February 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 17.9% inflationary increase is applied to the most recent sale price for 28 MONKS HOUSE LANE of £316,000 on 29th August 2018. For the value to have increased from £316,000 to £372,717 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 28 MONKS HOUSE LANE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The August 2018 sale price of £316,000 represented a fair market value for the property.
• The size, condition, and specification of 28 MONKS HOUSE LANE has not materially changed since August 2018.

How Large is 28 MONKS HOUSE LANE?

28 MONKS HOUSE LANE is 162m², which includes two extensions, according to the EPC inspection conducted in October 2017. This puts it in the largest 20% 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 28 MONKS HOUSE LANE lies on this distribution: 87% of detached houses houses are smaller than 28 MONKS HOUSE LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Spalding.

28 MONKS HOUSE LANE: Plot and Title Map

28 MONKS HOUSE LANE sits on a plot of roughly 0.160 of an acre, or 649m². The below map shows the location of 28 MONKS HOUSE 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 28 MONKS HOUSE 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 28 MONKS HOUSE LANE?

28 MONKS HOUSE LANE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 28 on MONKS HOUSE LANE.