5, THE PADDOCKS, GEDNEY, SPALDING, PE12 0DP - £270,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 THE PADDOCKS is a midsized extended detached house of 123m², built sometime between 1983 and 1990. It was last sold for £270,000 in July 2022, which was around 7% below the average July 2022 detached price in the South Holland local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

5 THE PADDOCKS Sold Prices

Land registry data shows two sales for 5 THE PADDOCKS 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 THE PADDOCKS sales 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
2022 26 JUL	£270,000	£291,462	7% below HPI
2017 18 AUG	£190,000	£224,913	16% below HPI

5 THE PADDOCKS 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 THE PADDOCKS sales from August 2017 and July 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 August 2017 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 5 THE PADDOCKS?

5 THE PADDOCKS is 123m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 50% of detached houses in Gedney, based on EPC data. The below chart shows the distribution of detached houses by size in Gedney, and where 5 THE PADDOCKS lies on this distribution: 57% of detached houses are smaller than 5 THE PADDOCKS, and 43% of houses are larger. Note that EPC data is not available for all properties in Gedney.

5 THE PADDOCKS: Plot and Title Map

5 THE PADDOCKS sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 5 THE PADDOCKS, 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 THE PADDOCKS). 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 THE PADDOCKS?

5 THE PADDOCKS is located in GEDNEY, in the PE12 postcode district. The below map shows the position of No. 5 on THE PADDOCKS.