41, BACKGATE, COWBIT, SPALDING, PE12 6AP - £330,000

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

41 BACKGATE is a small detached house of 108m², built sometime between 1976 and 1982, which could now be worth an estimated £330,511. It was last sold for £330,000 in October 2024, which was around 16% above the average October 2024 detached price in the South Holland local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was C.

41 BACKGATE Sold Prices

Land registry data shows two sales for 41 BACKGATE 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 41 BACKGATE 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
2024 18 OCT	£330,000	£285,547	16% above HPI
2022 2 MAR	£300,000	£277,300	8% above HPI

41 BACKGATE 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 41 BACKGATE sales from March 2022 and October 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 March 2022 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2024 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 41 BACKGATE be worth now?

41 BACKGATE might now be worth an estimated £330,511.

This is based on house price inflation of 0.2%, between October 2024 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 0.2% inflationary increase is applied to the most recent sale price for 41 BACKGATE of £330,000 on 18th October 2024. For the value to have increased from £330,000 to £330,511 over the ten months to December 2024, the following assumptions must hold true:

• The value of 41 BACKGATE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The October 2024 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 41 BACKGATE has not materially changed since October 2024.

How Large is 41 BACKGATE?

41 BACKGATE is 108m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 40% of detached houses houses in Cowbit, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cowbit, and where 41 BACKGATE lies on this distribution: 36% of detached houses houses are smaller than 41 BACKGATE, and 64% of houses are larger. Note that EPC data is not available for all properties in Cowbit.

41 BACKGATE: Plot and Title Map

41 BACKGATE sits on a plot of roughly 0.260 of an acre, or 1,051m². The below map shows the location of 41 BACKGATE, 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 41 BACKGATE). 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 41 BACKGATE?

41 BACKGATE is located in COWBIT, in the PE12 postcode district. The below map shows the position of No. 41 on BACKGATE.