3, WATER LANE, SPALDING, PE11 2TQ - £214,995

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 WATER LANE is a very small detached house of 76m², built sometime between 1983 and 1990, which could now be worth an estimated £224,592. It was last sold for £214,995 in May 2024, which was around 19% below the average May 2024 detached price in the South Holland local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

3 WATER LANE Sold Prices

Land registry data shows two sales for 3 WATER 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 WATER LANE 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
2024 2 MAY	£214,995	£266,291	19% below HPI
2014 10 JUL	£142,500	£179,434	21% below HPI

3 WATER 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 WATER LANE sales from July 2014 and May 2024 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 July 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2024 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 WATER LANE be worth now?

3 WATER LANE might now be worth an estimated £224,592.

This is based on house price inflation of 4.5%, between May 2024 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 4.5% inflationary increase is applied to the most recent sale price for 3 WATER LANE of £214,995 on 2nd May 2024. For the value to have increased from £214,995 to £224,592 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 3 WATER LANE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The May 2024 sale price of £214,995 represented a fair market value for the property.
• The size, condition, and specification of 3 WATER LANE has not materially changed since May 2024.

How Large is 3 WATER LANE?

3 WATER LANE is 76m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 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 WATER LANE lies on this distribution: 14% of detached houses houses are smaller than 3 WATER LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Spalding.

3 WATER LANE: Plot and Title Map

3 WATER LANE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 3 WATER 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 WATER 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 WATER LANE?

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