5, HORSEPIT LANE, PINCHBECK, SPALDING, PE11 3YB - £300,000

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 HORSEPIT LANE is a very large extended detached house of 151m², built sometime between 1950 and 1966, which could now be worth an estimated £356,403. It was last sold for £300,000 in February 2020, which was around 29% above the average February 2020 detached price in the South Holland local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

5 HORSEPIT LANE Sold Prices

Land registry data shows three sales for 5 HORSEPIT LANE 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. One of the three 5 HORSEPIT LANE sales was for above the average price, whilst two 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
2020 14 FEB	£300,000	£232,534	29% above HPI
2015 20 JUL	£151,000	£195,829	23% below HPI
2012 27 MAR	£112,500	£156,069	28% below HPI

5 HORSEPIT LANE 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 5 HORSEPIT LANE sales between March 2012 and February 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 July 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2020 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 5 HORSEPIT LANE be worth now?

5 HORSEPIT LANE might now be worth an estimated £356,403.

This is based on house price inflation of 18.8%, between February 2020 and March 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 18.8% inflationary increase is applied to the most recent sale price for 5 HORSEPIT LANE of £300,000 on 14th February 2020. For the value to have increased from £300,000 to £356,403 over the four years and eleven months to March 2025, the following assumptions must hold true:

• The value of 5 HORSEPIT LANE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The February 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 5 HORSEPIT LANE has not materially changed since February 2020.

How Large is 5 HORSEPIT LANE?

5 HORSEPIT LANE is 151m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the largest 20% 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 HORSEPIT LANE lies on this distribution: 83% of detached houses houses are smaller than 5 HORSEPIT LANE, and 16% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

5 HORSEPIT LANE: Plot and Title Map

5 HORSEPIT LANE sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 5 HORSEPIT LANE, 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 HORSEPIT LANE). 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 HORSEPIT LANE?

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