5, REDMILE CLOSE, PINCHBECK, SPALDING, PE11 3UT - £290,000

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 REDMILE CLOSE is a very large detached house of 239m², built sometime between 1983 and 1990, which could now be worth an estimated £543,470. It was last sold for £290,000 in July 2009, which was around 95% above the average July 2009 detached price in the South Holland local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

5 REDMILE CLOSE Sold Prices

Land registry data shows two sales for 5 REDMILE 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 REDMILE 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
2009 24 JUL	£290,000	£148,438	95% above HPI
2007 20 FEB	£400,000	£186,675	114% above HPI

5 REDMILE 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 REDMILE CLOSE sales from February 2007 and July 2009 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 February 2007 sale was for 114% above the HPI. So the extrapolation line tracks at 114% above the HPI over time, until the July 2009 sale, where it falls to 95% above the HPI. The line then continues to track at 95% above the HPI.

What might 5 REDMILE CLOSE be worth now?

5 REDMILE CLOSE might now be worth an estimated £543,470.

This is based on house price inflation of 87.4%, between July 2009 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 87.4% inflationary increase is applied to the most recent sale price for 5 REDMILE CLOSE of £290,000 on 24th July 2009. For the value to have increased from £290,000 to £543,470 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 5 REDMILE CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The July 2009 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 5 REDMILE CLOSE has not materially changed since July 2009.

How Large is 5 REDMILE CLOSE?

5 REDMILE CLOSE is 239m² according to the EPC inspection conducted in June 2012. This puts it in the largest 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 REDMILE CLOSE lies on this distribution: 98% of detached houses houses are smaller than 5 REDMILE CLOSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

5 REDMILE CLOSE: Plot and Title Map

5 REDMILE CLOSE sits on a plot of roughly 0.299 of an acre, or 1,211m². The below map shows the location of 5 REDMILE 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 REDMILE 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 REDMILE CLOSE?

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