3, CEDAR DRIVE, HOLBEACH, SPALDING, PE12 7JP - £182,500

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

3 CEDAR DRIVE is a very small extended detached house of 60m², built sometime between 1991 and 1995. It was last sold for £182,500 in June 2023, which was around 35% below the average June 2023 detached price in the South Holland local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

3 CEDAR DRIVE Sold Prices

Land registry data shows four sales for 3 CEDAR 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 3 CEDAR 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
2023 23 JUN	£182,500	£281,890	35% below HPI
2014 31 OCT	£97,000	£181,718	47% below HPI
2012 8 MAR	£97,000	£156,838	38% below HPI
1998 5 OCT	£54,500	£65,258	16% below HPI

3 CEDAR 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 3 CEDAR DRIVE sales between October 1998 and June 2023 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 October 2014 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the June 2023 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 3 CEDAR DRIVE?

3 CEDAR DRIVE is 60m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Holbeach, based on EPC data. The below chart shows the distribution of detached houses by size in Holbeach, and where 3 CEDAR DRIVE lies on this distribution: 2% of detached houses are smaller than 3 CEDAR DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Holbeach.

3 CEDAR DRIVE: Plot and Title Map

3 CEDAR DRIVE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 3 CEDAR 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 3 CEDAR 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 3 CEDAR DRIVE?

3 CEDAR DRIVE is located in HOLBEACH, in the PE12 postcode district. The below map shows the position of No. 3 on CEDAR DRIVE.