4, DERWENT WAY, SPALDING, PE11 3WX - £175,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 DERWENT WAY is a very small detached house of 75m², built sometime from 2012 onwards. It was last sold for £175,000 in June 2021, which was around 31% below the average June 2021 detached price in the South Holland local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

4 DERWENT WAY Sold Prices

Land registry data shows two sales for 4 DERWENT WAY 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 4 DERWENT WAY 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
2021 1 JUN	£175,000	£255,436	31% below HPI
2013 7 JUN	£129,995	£163,823	21% below HPI

4 DERWENT WAY 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 4 DERWENT WAY sales from June 2013 and June 2021 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 2013 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 4 DERWENT WAY?

4 DERWENT WAY is 75m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 20% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 4 DERWENT WAY lies on this distribution: 12% of detached houses are smaller than 4 DERWENT WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Spalding.

4 DERWENT WAY: Plot and Title Map

4 DERWENT WAY sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 4 DERWENT WAY, 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 4 DERWENT WAY). 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 4 DERWENT WAY?

4 DERWENT WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 4 on DERWENT WAY.