5, FORGE CRESCENT, PINCHBECK, SPALDING, PE11 3TN - £159,950

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

5 FORGE CRESCENT is a very small detached house of 61m², built sometime between 1976 and 1982, which could now be worth an estimated £246,826. It was last sold for £159,950 in November 2006, which was around 14% below the average November 2006 detached price in the South Holland local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

5 FORGE CRESCENT Sold Prices

Land registry data shows two sales for 5 FORGE CRESCENT 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 FORGE CRESCENT 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
2006 1 NOV	£159,950	£185,329	14% below HPI
2001 29 JAN	£64,000	£90,538	29% below HPI

5 FORGE CRESCENT 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 FORGE CRESCENT sales from January 2001 and November 2006 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 January 2001 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2006 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 5 FORGE CRESCENT be worth now?

5 FORGE CRESCENT might now be worth an estimated £246,826.

This is based on house price inflation of 54.3%, between November 2006 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 54.3% inflationary increase is applied to the most recent sale price for 5 FORGE CRESCENT of £159,950 on 1st November 2006. For the value to have increased from £159,950 to £246,826 over the seventeen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 5 FORGE CRESCENT has moved in line with the HPI for detached houses in the South Holland local authority area.
• The November 2006 sale price of £159,950 represented a fair market value for the property.
• The size, condition, and specification of 5 FORGE CRESCENT has not materially changed since November 2006.

How Large is 5 FORGE CRESCENT?

5 FORGE CRESCENT is 61m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses houses in Pinchbeck, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pinchbeck, and where 5 FORGE CRESCENT lies on this distribution: 3% of detached houses houses are smaller than 5 FORGE CRESCENT, and 96% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

5 FORGE CRESCENT: Plot and Title Map

5 FORGE CRESCENT sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 5 FORGE CRESCENT, 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 FORGE CRESCENT). 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 FORGE CRESCENT?

5 FORGE CRESCENT is located in PINCHBECK, in the PE11 postcode district. The below map shows the position of No. 5 on FORGE CRESCENT.