7, REDMILE CLOSE, PINCHBECK, SPALDING, PE11 3UT - £460,000

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.

7 REDMILE CLOSE is a very large detached house of 199m², built sometime between 1976 and 1982, which could now be worth an estimated £438,143. It was last sold for £460,000 in July 2022, which was around 59% above the average July 2022 detached price in the South Holland local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

7 REDMILE CLOSE Sold Prices

Land registry data shows three sales for 7 REDMILE CLOSE 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 7 REDMILE 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
2022 22 JUL	£460,000	£290,034	59% above HPI
2002 15 NOV	£200,000	£126,222	58% above HPI
2001 19 JAN	£125,000	£90,538	38% above HPI

7 REDMILE 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 three 7 REDMILE CLOSE sales between January 2001 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 November 2002 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the July 2022 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 7 REDMILE CLOSE be worth now?

7 REDMILE CLOSE might now be worth an estimated £438,143.

This is based on house price deflation of 4.8%, between July 2022 and March 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 4.8% deflationary decrease is applied to the most recent sale price for 7 REDMILE CLOSE of £460,000 on 22nd July 2022. For the value to have decreased from £460,000 to £438,143 over the three years and four months to March 2025, the following assumptions must hold true:

• The value of 7 REDMILE CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The July 2022 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 7 REDMILE CLOSE has not materially changed since July 2022.

How Large is 7 REDMILE CLOSE?

7 REDMILE CLOSE is 199m² according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses houses in Pinchbeck, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pinchbeck, and where 7 REDMILE CLOSE lies on this distribution: 94% of detached houses houses are smaller than 7 REDMILE CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

7 REDMILE CLOSE: Plot and Title Map

7 REDMILE CLOSE sits on a plot of roughly 0.154 of an acre, or 622m². The below map shows the location of 7 REDMILE 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 REDMILE 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 REDMILE CLOSE?

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