3, PARK LANE, SPALDING, PE11 1PJ - £420,000

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 PARK LANE is a very large extended detached house of 187m², built sometime between 1996 and 2002, which could now be worth an estimated £393,847. It was last sold for £420,000 in August 2022, which was around 42% above the average August 2022 detached price in the South Holland local authority area. The most recent EPC inspection was February 2018, where the current energy rating was A, and the potential energy rating was A.

3 PARK LANE Sold Prices

Land registry data shows two sales for 3 PARK LANE 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 PARK 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
2022 4 AUG	£420,000	£296,650	42% above HPI
2008 16 JAN	£230,000	£194,553	18% above HPI

3 PARK 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 two 3 PARK LANE sales from January 2008 and August 2022 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 2008 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2022 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 3 PARK LANE be worth now?

3 PARK LANE might now be worth an estimated £393,847.

This is based on house price deflation of 6.2%, between August 2022 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 6.2% deflationary decrease is applied to the most recent sale price for 3 PARK LANE of £420,000 on 4th August 2022. For the value to have decreased from £420,000 to £393,847 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 3 PARK LANE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The August 2022 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARK LANE has not materially changed since August 2022.

How Large is 3 PARK LANE?

3 PARK LANE is 187m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 10% 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 PARK LANE lies on this distribution: 93% of detached houses houses are smaller than 3 PARK LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Spalding.

3 PARK LANE: Plot and Title Map

3 PARK LANE sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of 3 PARK 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 PARK 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 PARK LANE?

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