7, WELBY DRIVE, GOSBERTON, SPALDING, PE11 4HU - £275,000

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 WELBY DRIVE is a very small detached house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £294,417. It was last sold for £275,000 in August 2021, which was around 6% above the average August 2021 detached price in the South Holland local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

7 WELBY DRIVE Sold Prices

Land registry data shows three sales for 7 WELBY DRIVE 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. One of the three 7 WELBY DRIVE sales was for above the average price, whilst two 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 19 AUG	£275,000	£259,832	6% above HPI
2017 13 NOV	£187,500	£226,301	17% below HPI
2006 5 MAY	£120,000	£175,528	32% below HPI

7 WELBY DRIVE 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 WELBY DRIVE sales between May 2006 and August 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 November 2017 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2021 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 7 WELBY DRIVE be worth now?

7 WELBY DRIVE might now be worth an estimated £294,417.

This is based on house price inflation of 7.1%, between August 2021 and February 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 7.1% inflationary increase is applied to the most recent sale price for 7 WELBY DRIVE of £275,000 on 19th August 2021. For the value to have increased from £275,000 to £294,417 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 7 WELBY DRIVE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The August 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WELBY DRIVE has not materially changed since August 2021.

How Large is 7 WELBY DRIVE?

7 WELBY DRIVE is 72m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses houses in Gosberton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosberton, and where 7 WELBY DRIVE lies on this distribution: 15% of detached houses houses are smaller than 7 WELBY DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

7 WELBY DRIVE: Plot and Title Map

7 WELBY DRIVE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 7 WELBY DRIVE, 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 WELBY DRIVE). 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 WELBY DRIVE?

7 WELBY DRIVE is located in GOSBERTON, in the PE11 postcode district. The below map shows the position of No. 7 on WELBY DRIVE.