3, LUCERNE CLOSE, SPALDING, PE11 3GE - £249,950

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.

3 LUCERNE CLOSE is a very large extended detached house of 154m², built sometime between 1983 and 1990, which could now be worth an estimated £371,265. It was last sold for £249,950 in May 2015, which was around 33% above the average May 2015 detached price in the South Holland local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

3 LUCERNE CLOSE Sold Prices

Land registry data shows three sales for 3 LUCERNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the three 3 LUCERNE CLOSE 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
2015 1 MAY	£249,950	£187,280	33% above HPI
2001 29 JAN	£104,000	£90,538	15% above HPI
1995 29 SEP	£73,500	£54,583	35% above HPI

3 LUCERNE CLOSE 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 three 3 LUCERNE CLOSE sales between September 1995 and May 2015 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 January 2001 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2015 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 3 LUCERNE CLOSE be worth now?

3 LUCERNE CLOSE might now be worth an estimated £371,265.

This is based on house price inflation of 48.5%, between May 2015 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 48.5% inflationary increase is applied to the most recent sale price for 3 LUCERNE CLOSE of £249,950 on 1st May 2015. For the value to have increased from £249,950 to £371,265 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 3 LUCERNE CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The May 2015 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 3 LUCERNE CLOSE has not materially changed since May 2015.

How Large is 3 LUCERNE CLOSE?

3 LUCERNE CLOSE is 154m², which includes one extension, according to the EPC inspection conducted in February 2015. 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 3 LUCERNE CLOSE lies on this distribution: 85% of detached houses houses are smaller than 3 LUCERNE CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Spalding.

3 LUCERNE CLOSE: Plot and Title Map

3 LUCERNE CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 3 LUCERNE CLOSE, 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 LUCERNE CLOSE). 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 LUCERNE CLOSE?

3 LUCERNE CLOSE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 3 on LUCERNE CLOSE.