5, CREEWOOD CLOSE, HOLBEACH, SPALDING, PE12 7BN - £185,000

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 CREEWOOD CLOSE is a large detached house of 124m², built sometime between 1983 and 1990, which could now be worth an estimated £228,445. It was last sold for £185,000 in February 2018, which was around 18% below the average February 2018 detached price in the South Holland local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

5 CREEWOOD CLOSE Sold Prices

Land registry data shows two sales for 5 CREEWOOD 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. Both of the two 5 CREEWOOD CLOSE 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
2018 2 FEB	£185,000	£225,275	18% below HPI
2011 26 SEP	£137,500	£170,314	19% below HPI

5 CREEWOOD 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 CREEWOOD CLOSE sales from September 2011 and February 2018 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 September 2011 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2018 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 5 CREEWOOD CLOSE be worth now?

5 CREEWOOD CLOSE might now be worth an estimated £228,445.

This is based on house price inflation of 23.5%, between February 2018 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 23.5% inflationary increase is applied to the most recent sale price for 5 CREEWOOD CLOSE of £185,000 on 2nd February 2018. For the value to have increased from £185,000 to £228,445 over the seven years to February 2025, the following assumptions must hold true:

• The value of 5 CREEWOOD CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The February 2018 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CREEWOOD CLOSE has not materially changed since February 2018.

How Large is 5 CREEWOOD CLOSE?

5 CREEWOOD CLOSE is 124m² according to the EPC inspection conducted in April 2010. This puts it in the largest 30% of detached houses houses in Holbeach, based on EPC data. The below chart shows the distribution of detached houses houses by size in Holbeach, and where 5 CREEWOOD CLOSE lies on this distribution: 75% of detached houses houses are smaller than 5 CREEWOOD CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Holbeach.

5 CREEWOOD CLOSE: Plot and Title Map

5 CREEWOOD CLOSE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 5 CREEWOOD 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 CREEWOOD 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 CREEWOOD CLOSE?

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