31, CATHEDRAL DRIVE, SPALDING, PE11 1PQ - £265,000

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

31 CATHEDRAL DRIVE is a very small detached house of 66m², built sometime between 1967 and 1975. It was last sold for £265,000 in August 2022, which was around 11% below the average August 2022 detached price in the South Holland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

31 CATHEDRAL DRIVE Sold Prices

Land registry data shows three sales for 31 CATHEDRAL DRIVE 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 31 CATHEDRAL DRIVE 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
2022 4 AUG	£265,000	£296,650	11% below HPI
2013 12 JUL	£146,000	£162,840	10% below HPI
2008 26 SEP	£120,000	£185,005	35% below HPI

31 CATHEDRAL DRIVE 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 31 CATHEDRAL DRIVE sales between September 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 July 2013 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2022 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 31 CATHEDRAL DRIVE be worth now?

31 CATHEDRAL DRIVE might now be worth an estimated £255,476.

This is based on house price deflation of 3.6%, between August 2022 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 3.6% deflationary decrease is applied to the most recent sale price for 31 CATHEDRAL DRIVE of £265,000 on 4th August 2022. For the value to have decreased from £265,000 to £255,476 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of 31 CATHEDRAL DRIVE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The August 2022 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 31 CATHEDRAL DRIVE has not materially changed since August 2022.

How Large is 31 CATHEDRAL DRIVE?

31 CATHEDRAL DRIVE is 66m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 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 31 CATHEDRAL DRIVE lies on this distribution: 5% of detached houses houses are smaller than 31 CATHEDRAL DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Spalding.

31 CATHEDRAL DRIVE: Plot and Title Map

31 CATHEDRAL DRIVE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 31 CATHEDRAL DRIVE, 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 31 CATHEDRAL DRIVE). 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 31 CATHEDRAL DRIVE?

31 CATHEDRAL DRIVE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 31 on CATHEDRAL DRIVE.