3, CHERRY LANE, FLEET HARGATE, SPALDING, PE12 8NY - £325,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 CHERRY LANE is a large detached house of 118m², built sometime between 1996 and 2002. It was last sold for £325,000 in August 2021, which was around 24% above the average August 2021 detached price in the South Holland local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was C.

3 CHERRY LANE Sold Prices

Land registry data shows four sales for 3 CHERRY LANE 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 CHERRY 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
2021 18 AUG	£325,000	£261,111	24% above HPI
2011 3 JUN	£226,500	£159,412	42% above HPI
2005 14 DEC	£230,000	£174,209	32% above HPI
2001 3 MAY	£120,000	£90,445	33% above HPI

3 CHERRY 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 four 3 CHERRY LANE sales between May 2001 and August 2021 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 June 2011 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the August 2021 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 3 CHERRY LANE?

3 CHERRY LANE is 118m² according to the EPC inspection conducted in September 2010. This puts it in the largest 40% of detached houses in Fleet Hargate, based on EPC data. The below chart shows the distribution of detached houses by size in Fleet Hargate, and where 3 CHERRY LANE lies on this distribution: 69% of detached houses are smaller than 3 CHERRY LANE, and 31% of houses are larger. Note that EPC data is not available for all properties in Fleet Hargate.

3 CHERRY LANE: Plot and Title Map

3 CHERRY LANE sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of 3 CHERRY 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 3 CHERRY 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 3 CHERRY LANE?

3 CHERRY LANE is located in FLEET HARGATE, in the PE12 postcode district. The below map shows the position of No. 3 on CHERRY LANE.