5, LUCERNE CLOSE, SPALDING, PE11 3GE - £148,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 LUCERNE CLOSE is a midsized detached house of 110m², built sometime between 1991 and 1995. It was last sold for £148,000 in October 2011, which was around 13% below the average October 2011 detached price in the South Holland local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was C.

5 LUCERNE CLOSE Sold Prices

Land registry data shows four sales for 5 LUCERNE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Most of the four 5 LUCERNE CLOSE sales were 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
2011 21 OCT	£148,000	£169,853	13% below HPI
2002 24 JUN	£119,500	£109,273	9% above HPI
1997 26 MAR	£66,000	£57,269	15% above HPI
1995 30 AUG	£62,000	£52,857	17% above HPI

5 LUCERNE 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 four 5 LUCERNE CLOSE sales between August 1995 and October 2011 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 June 2002 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the October 2011 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 5 LUCERNE CLOSE?

5 LUCERNE CLOSE is 110m² according to the EPC inspection conducted in August 2011. This puts it in the largest 50% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 5 LUCERNE CLOSE lies on this distribution: 51% of detached houses are smaller than 5 LUCERNE CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Spalding.

5 LUCERNE CLOSE: Plot and Title Map

5 LUCERNE CLOSE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 5 LUCERNE 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 LUCERNE 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 LUCERNE CLOSE?

5 LUCERNE CLOSE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 5 on LUCERNE CLOSE.