7, LUCERNE CLOSE, SPALDING, PE11 3GE - £375,000

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

7 LUCERNE CLOSE is a very large extended detached house of 164m², built sometime between 1991 and 1995. It was last sold for £375,000 in November 2024, which was around 32% above the average November 2024 detached price in the South Holland local authority area. The most recent EPC inspection was September 2024, where the current energy rating was B, and the potential energy rating was B.

7 LUCERNE CLOSE Sold Prices

Land registry data shows two sales for 7 LUCERNE 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 7 LUCERNE 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
2024 28 NOV	£375,000	£284,967	32% above HPI
1995 18 SEP	£85,500	£54,583	57% above HPI

7 LUCERNE 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 7 LUCERNE CLOSE sales from September 1995 and November 2024 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 September 1995 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the November 2024 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 7 LUCERNE CLOSE be worth now?

7 LUCERNE CLOSE might now be worth an estimated £376,345.

This is based on house price inflation of 0.4%, between November 2024 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 0.4% inflationary increase is applied to the most recent sale price for 7 LUCERNE CLOSE of £375,000 on 28th November 2024. For the value to have increased from £375,000 to £376,345 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 7 LUCERNE CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The November 2024 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LUCERNE CLOSE has not materially changed since November 2024.

How Large is 7 LUCERNE CLOSE?

7 LUCERNE CLOSE is 164m², which includes two extensions, according to the EPC inspection conducted in September 2024. This puts it in the largest 20% 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 7 LUCERNE CLOSE lies on this distribution: 88% of detached houses houses are smaller than 7 LUCERNE CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Spalding.

7 LUCERNE CLOSE: Plot and Title Map

7 LUCERNE CLOSE sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of 7 LUCERNE 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 7 LUCERNE 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 7 LUCERNE CLOSE?

7 LUCERNE CLOSE is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 7 on LUCERNE CLOSE.