5, RICHARD BUSBY WAY, LUTTON, SPALDING, PE12 9PT - £345,000

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 RICHARD BUSBY WAY is a large extended detached house of 136m², built sometime between 2003 and 2006, which could now be worth an estimated £323,517. It was last sold for £345,000 in August 2022, which was around 16% above the average August 2022 detached price in the South Holland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

5 RICHARD BUSBY WAY Sold Prices

Land registry data shows four sales for 5 RICHARD BUSBY WAY 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 RICHARD BUSBY WAY 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
2022 24 AUG	£345,000	£296,650	16% above HPI
2021 4 MAR	£294,000	£247,889	19% above HPI
2014 25 APR	£220,000	£177,535	24% above HPI
2005 4 MAR	£190,000	£169,694	12% above HPI

5 RICHARD BUSBY WAY 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 RICHARD BUSBY WAY sales between March 2005 and August 2022 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 March 2021 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2022 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 5 RICHARD BUSBY WAY be worth now?

5 RICHARD BUSBY WAY might now be worth an estimated £323,517.

This is based on house price deflation of 6.2%, between August 2022 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 6.2% deflationary decrease is applied to the most recent sale price for 5 RICHARD BUSBY WAY of £345,000 on 24th August 2022. For the value to have decreased from £345,000 to £323,517 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 5 RICHARD BUSBY WAY has moved in line with the HPI for detached houses in the South Holland local authority area.
• The August 2022 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RICHARD BUSBY WAY has not materially changed since August 2022.

How Large is 5 RICHARD BUSBY WAY?

5 RICHARD BUSBY WAY is 136m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 30% of detached houses houses in Lutton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutton, and where 5 RICHARD BUSBY WAY lies on this distribution: 78% of detached houses houses are smaller than 5 RICHARD BUSBY WAY, and 22% of houses are larger. Note that EPC data is not available for all properties in Lutton.

5 RICHARD BUSBY WAY: Plot and Title Map

5 RICHARD BUSBY WAY sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of 5 RICHARD BUSBY WAY, 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 RICHARD BUSBY WAY). 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 RICHARD BUSBY WAY?

5 RICHARD BUSBY WAY is located in LUTTON, in the PE12 postcode district. The below map shows the position of No. 5 on RICHARD BUSBY WAY.