8, THE PARKWAY, SPALDING, PE11 3EE - £318,000

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 THE PARKWAY is a large extended detached house of 142m², built sometime between 1983 and 1990. It was last sold for £318,000 in October 2023, which was around 10% above the average October 2023 detached price in the South Holland local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

8 THE PARKWAY Sold Prices

Land registry data shows four sales for 8 THE PARKWAY 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 THE PARKWAY 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
2023 6 OCT	£318,000	£290,219	10% above HPI
2018 28 AUG	£240,000	£237,008	1% above HPI
2000 8 JUN	£108,950	£82,405	32% above HPI
1998 16 DEC	£88,000	£65,082	35% above HPI

8 THE PARKWAY 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 THE PARKWAY sales between December 1998 and October 2023 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 August 2018 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2023 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 8 THE PARKWAY?

8 THE PARKWAY is 142m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 30% 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 THE PARKWAY lies on this distribution: 79% of detached houses are smaller than 8 THE PARKWAY, and 21% of houses are larger. Note that EPC data is not available for all properties in Spalding.

8 THE PARKWAY: Plot and Title Map

8 THE PARKWAY sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 8 THE PARKWAY, 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 THE PARKWAY). 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 THE PARKWAY?

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