29, MAGELLAN WAY, SPALDING, PE11 2FG - £265,000

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

29 MAGELLAN WAY is a midsized extended detached house of 111m², built sometime between 2003 and 2006. It was last sold for £265,000 in January 2024, which was around 5% below the average January 2024 detached price in the South Holland local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

29 MAGELLAN WAY Sold Prices

Land registry data shows two sales for 29 MAGELLAN WAY 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. One of the two 29 MAGELLAN WAY sales was for below the average price, whilst the other was 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
2024 25 JAN	£265,000	£279,724	5% below HPI
2002 28 MAR	£114,950	£100,218	15% above HPI

29 MAGELLAN WAY 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 29 MAGELLAN WAY sales from March 2002 and January 2024 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 2002 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the January 2024 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 29 MAGELLAN WAY?

29 MAGELLAN WAY is 111m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the largest 50% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 29 MAGELLAN WAY lies on this distribution: 51% of detached houses are smaller than 29 MAGELLAN WAY, and 49% of houses are larger. Note that EPC data is not available for all properties in Spalding.

29 MAGELLAN WAY: Plot and Title Map

29 MAGELLAN WAY sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 29 MAGELLAN WAY, 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 29 MAGELLAN WAY). 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 29 MAGELLAN WAY?

29 MAGELLAN WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 29 on MAGELLAN WAY.