8, MAGELLAN WAY, SPALDING, PE11 2FH - £305,000

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

8 MAGELLAN WAY is a very large extended detached house of 149m², built sometime between 1996 and 2002. It was last sold for £305,000 in September 2020, which was around 28% above the average September 2020 detached price in the South Holland local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

8 MAGELLAN WAY Sold Prices

Land registry data shows four sales for 8 MAGELLAN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the four 8 MAGELLAN WAY 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
2020 14 SEP	£305,000	£238,874	28% above HPI
2011 21 APR	£205,000	£163,932	25% above HPI
2007 11 SEP	£219,000	£197,119	11% above HPI
2001 5 APR	£129,950	£91,960	41% above HPI

8 MAGELLAN WAY 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 four 8 MAGELLAN WAY sales between April 2001 and September 2020 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 April 2011 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the September 2020 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 8 MAGELLAN WAY?

8 MAGELLAN WAY is 149m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the largest 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 8 MAGELLAN WAY lies on this distribution: 83% of detached houses are smaller than 8 MAGELLAN WAY, and 17% of houses are larger. Note that EPC data is not available for all properties in Spalding.

8 MAGELLAN WAY: Plot and Title Map

8 MAGELLAN WAY sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 8 MAGELLAN WAY, 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 8 MAGELLAN WAY). 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 8 MAGELLAN WAY?

8 MAGELLAN WAY is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 8 on MAGELLAN WAY.