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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 CHESTNUT CLOSE is a very small detached house of 79m², built sometime between 2007 and 2011. It was last sold for £275,000 in June 2022, which was around 5% 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 roughly equal to 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	£289,234	5% below HPI
2008 16 OCT	£178,950	£178,153	Close to 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 roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2022 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

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 in Lutton, based on EPC data. The below chart shows the distribution of detached houses by size in Lutton, and where 5 CHESTNUT CLOSE lies on this distribution: 16% of detached houses are smaller than 5 CHESTNUT CLOSE, and 84% 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.