5, CHESTNUT CLOSE, LUTTON, SPALDING, PE12 9PW - £275,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 CHESTNUT CLOSE is a very small detached house of 79m², built sometime between 2007 and 2011, which could now be worth an estimated £265,790. It was last sold for £275,000 in June 2022, which was around 4% below the average June 2022 detached price in the South Holland local authority area. The most recent EPC inspection was December 2021, where the current energy rating was A, and the potential energy rating was A.

5 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 5 CHESTNUT CLOSE 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. One of the two 5 CHESTNUT CLOSE sales was for below the average price, whilst the other was 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
2022 24 JUN	£275,000	£287,817	4% below HPI
2008 16 OCT	£178,950	£177,281	1% above HPI

5 CHESTNUT CLOSE 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 5 CHESTNUT CLOSE sales from October 2008 and June 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 October 2008 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the June 2022 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 5 CHESTNUT CLOSE be worth now?

5 CHESTNUT CLOSE might now be worth an estimated £265,790.

This is based on house price deflation of 3.3%, between June 2022 and February 2025, 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 3.3% deflationary decrease is applied to the most recent sale price for 5 CHESTNUT CLOSE of £275,000 on 24th June 2022. For the value to have decreased from £275,000 to £265,790 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 5 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The June 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHESTNUT CLOSE has not materially changed since June 2022.

How Large is 5 CHESTNUT CLOSE?

5 CHESTNUT CLOSE is 79m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 20% of detached houses houses in Lutton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutton, and where 5 CHESTNUT CLOSE lies on this distribution: 17% of detached houses houses are smaller than 5 CHESTNUT CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Lutton.

5 CHESTNUT CLOSE: Plot and Title Map

5 CHESTNUT CLOSE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 5 CHESTNUT CLOSE, 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 5 CHESTNUT CLOSE). 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 5 CHESTNUT CLOSE?

5 CHESTNUT CLOSE is located in LUTTON, in the PE12 postcode district. The below map shows the position of No. 5 on CHESTNUT CLOSE.