56, MEADOWGATE LANE, SPALDING, PE11 1NF - £180,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

56 MEADOWGATE LANE is a very small extended detached house of 75m², built sometime between 1976 and 1982. It was last sold for £180,000 in April 2021, which was around 29% below the average April 2021 detached price in the South Holland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

56 MEADOWGATE LANE Sold Prices

Land registry data shows three sales for 56 MEADOWGATE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the three 56 MEADOWGATE LANE 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
2021 8 APR	£180,000	£252,405	29% below HPI
2010 14 MAY	£135,000	£175,123	23% below HPI
1996 5 JUL	£47,500	£56,296	16% below HPI

56 MEADOWGATE LANE 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 three 56 MEADOWGATE LANE sales between July 1996 and April 2021 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 May 2010 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 56 MEADOWGATE LANE?

56 MEADOWGATE LANE is 75m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 56 MEADOWGATE LANE lies on this distribution: 12% of detached houses are smaller than 56 MEADOWGATE LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Spalding.

56 MEADOWGATE LANE: Plot and Title Map

56 MEADOWGATE LANE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 56 MEADOWGATE LANE, 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 56 MEADOWGATE LANE). 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 56 MEADOWGATE LANE?

56 MEADOWGATE LANE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 56 on MEADOWGATE LANE.