54, PARK CLOSE, SPALDING, PE11 1PR - £215,000

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

54 PARK CLOSE is a midsized extended detached house of 111m², built sometime between 1983 and 1990. It was last sold for £215,000 in October 2018, which was around 9% below the average October 2018 detached price in the South Holland local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

54 PARK CLOSE Sold Prices

Land registry data shows two sales for 54 PARK 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. One of the two 54 PARK CLOSE sales was for below the average price, whilst the other was 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
2018 12 OCT	£215,000	£236,733	9% below HPI
1998 4 DEC	£250,000	£64,763	286% above HPI

54 PARK 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 54 PARK CLOSE sales from December 1998 and October 2018 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 December 1998 sale was for 286% above the HPI. So the extrapolation line tracks at 286% above the HPI over time, until the October 2018 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 54 PARK CLOSE be worth now?

54 PARK CLOSE might now be worth an estimated £259,734.

This is based on house price inflation of 20.8%, between October 2018 and December 2024, 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 20.8% inflationary increase is applied to the most recent sale price for 54 PARK CLOSE of £215,000 on 12th October 2018. For the value to have increased from £215,000 to £259,734 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of 54 PARK CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The October 2018 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 54 PARK CLOSE has not materially changed since October 2018.

How Large is 54 PARK CLOSE?

54 PARK CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 50% 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 54 PARK CLOSE lies on this distribution: 51% of detached houses houses are smaller than 54 PARK CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Spalding.

54 PARK CLOSE: Plot and Title Map

54 PARK CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 54 PARK 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 54 PARK 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 54 PARK CLOSE?

54 PARK CLOSE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 54 on PARK CLOSE.