5, MENDIP CLOSE, SPALDING, PE11 3AR - £290,000

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 MENDIP CLOSE is a very large detached house of 167m², built sometime between 1983 and 1990, which could now be worth an estimated £386,833. It was last sold for £290,000 in August 2016, which was around 39% above the average August 2016 detached price in the South Holland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

5 MENDIP CLOSE Sold Prices

Land registry data shows four sales for 5 MENDIP 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. All of the four 5 MENDIP 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
2016 19 AUG	£290,000	£208,544	39% above HPI
2007 11 JUL	£305,000	£193,446	58% above HPI
2001 5 JAN	£139,000	£90,538	54% above HPI
1998 23 JAN	£113,000	£60,701	86% above HPI

5 MENDIP 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 MENDIP CLOSE sales between January 1998 and August 2016 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 2007 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the August 2016 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 5 MENDIP CLOSE be worth now?

5 MENDIP CLOSE might now be worth an estimated £386,833.

This is based on house price inflation of 33.4%, between August 2016 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 33.4% inflationary increase is applied to the most recent sale price for 5 MENDIP CLOSE of £290,000 on 19th August 2016. For the value to have increased from £290,000 to £386,833 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 5 MENDIP CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The August 2016 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MENDIP CLOSE has not materially changed since August 2016.

How Large is 5 MENDIP CLOSE?

5 MENDIP CLOSE is 167m² according to the EPC inspection conducted in April 2015. This puts it in the largest 20% of detached houses houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spalding, and where 5 MENDIP CLOSE lies on this distribution: 89% of detached houses houses are smaller than 5 MENDIP CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Spalding.

5 MENDIP CLOSE: Plot and Title Map

5 MENDIP CLOSE sits on a plot of roughly 0.202 of an acre, or 817m². The below map shows the location of 5 MENDIP 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 MENDIP 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 MENDIP CLOSE?

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