4, PERCHERON DRIVE, SPALDING, PE11 3GH - £245,000

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 PERCHERON DRIVE is a very small detached house of 65m², built sometime between 1996 and 2002. It was last sold for £245,000 in June 2023, which was around 13% below the average June 2023 detached price in the South Holland local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.

4 PERCHERON DRIVE Sold Prices

Land registry data shows two sales for 4 PERCHERON DRIVE 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 PERCHERON 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
2023 9 JUN	£245,000	£282,153	13% below HPI
1998 13 FEB	£25,000	£59,258	58% below HPI

4 PERCHERON 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 two 4 PERCHERON DRIVE sales from February 1998 and June 2023 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 February 1998 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the June 2023 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 4 PERCHERON DRIVE?

4 PERCHERON DRIVE is 65m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 10% 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 PERCHERON DRIVE lies on this distribution: 5% of detached houses are smaller than 4 PERCHERON DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Spalding.

4 PERCHERON DRIVE: Plot and Title Map

4 PERCHERON DRIVE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 4 PERCHERON 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 4 PERCHERON 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 4 PERCHERON DRIVE?

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