3, MEDWAY CLOSE, GOSBERTON, SPALDING, PE11 4HS - £222,000

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 MEDWAY CLOSE is a midsized extended detached house of 109m², built sometime between 1976 and 1982. It was last sold for £222,000 in September 2020, which was around 7% below the average September 2020 detached price in the South Holland local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

3 MEDWAY CLOSE Sold Prices

Land registry data shows two sales for 3 MEDWAY CLOSE 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 3 MEDWAY CLOSE 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
2020 9 SEP	£222,000	£238,874	7% below HPI
2018 19 DEC	£167,500	£236,705	29% below HPI

3 MEDWAY 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 two 3 MEDWAY CLOSE sales from December 2018 and September 2020 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 December 2018 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2020 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 3 MEDWAY CLOSE?

3 MEDWAY CLOSE is 109m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of detached houses in Gosberton, based on EPC data. The below chart shows the distribution of detached houses by size in Gosberton, and where 3 MEDWAY CLOSE lies on this distribution: 48% of detached houses are smaller than 3 MEDWAY CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

3 MEDWAY CLOSE: Plot and Title Map

3 MEDWAY CLOSE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 3 MEDWAY 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 MEDWAY 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 MEDWAY CLOSE?

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