3, MORUS CLOSE, SPALDING, PE11 2QL - £385,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 MORUS CLOSE is a very large detached house of 152m², built sometime between 1996 and 2002. It was last sold for £385,000 in February 2019, which was around 65% above the average February 2019 detached price in the South Holland local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

3 MORUS CLOSE Sold Prices

Land registry data shows three sales for 3 MORUS 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 MORUS 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
2019 14 FEB	£385,000	£232,817	65% above HPI
2016 21 JUN	£333,000	£210,664	58% above HPI
2011 5 AUG	£215,000	£163,919	31% above HPI

3 MORUS 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 MORUS CLOSE sales between August 2011 and February 2019 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 2016 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the February 2019 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 3 MORUS CLOSE be worth now?

3 MORUS CLOSE might now be worth an estimated £472,928.

This is based on house price inflation of 22.8%, between February 2019 and December 2024, 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 22.8% inflationary increase is applied to the most recent sale price for 3 MORUS CLOSE of £385,000 on 14th February 2019. For the value to have increased from £385,000 to £472,928 over the four years and two months to December 2024, the following assumptions must hold true:

• The value of 3 MORUS CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The February 2019 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MORUS CLOSE has not materially changed since February 2019.

How Large is 3 MORUS CLOSE?

3 MORUS CLOSE is 152m² according to the EPC inspection conducted in March 2011. 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 MORUS CLOSE lies on this distribution: 84% of detached houses houses are smaller than 3 MORUS CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Spalding.

3 MORUS CLOSE: Plot and Title Map

3 MORUS CLOSE sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of 3 MORUS 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 MORUS 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 MORUS CLOSE?

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