48, PICCARD DRIVE, SPALDING, PE11 2GP - £230,000

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

48 PICCARD DRIVE is a large detached house of 128m², built sometime between 2003 and 2006. It was last sold for £230,000 in July 2020, which was about the average July 2020 detached price in the South Holland local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

48 PICCARD DRIVE Sold Prices

Land registry data shows three sales for 48 PICCARD 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. The three 48 PICCARD DRIVE sales were a mix of roughly equal to the average price, and 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
2020 1 JUL	£230,000	£229,660	Close to HPI
2017 2 FEB	£214,500	£214,487	Close to HPI
2008 13 AUG	£232,000	£189,547	22% above HPI

48 PICCARD 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 48 PICCARD DRIVE sales between August 2008 and July 2020 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 2017 sale roughly matched the HPI. So the extrapolation line tracks in line HPI over time, until the July 2020 sale, which was also at roughly the same level as the HPI.

What might 48 PICCARD DRIVE be worth now?

48 PICCARD DRIVE might now be worth an estimated £286,412.

This is based on house price inflation of 24.5%, between July 2020 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 24.5% inflationary increase is applied to the most recent sale price for 48 PICCARD DRIVE of £230,000 on 1st July 2020. For the value to have increased from £230,000 to £286,412 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 48 PICCARD DRIVE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The July 2020 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 48 PICCARD DRIVE has not materially changed since July 2020.

How Large is 48 PICCARD DRIVE?

48 PICCARD DRIVE is 128m² according to the EPC inspection conducted in July 2016. This puts it in the largest 40% 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 48 PICCARD DRIVE lies on this distribution: 69% of detached houses houses are smaller than 48 PICCARD DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Spalding.

48 PICCARD DRIVE: Plot and Title Map

48 PICCARD DRIVE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 48 PICCARD 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 48 PICCARD 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 48 PICCARD DRIVE?

48 PICCARD DRIVE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 48 on PICCARD DRIVE.