8, WELBY DRIVE, GOSBERTON, SPALDING, PE11 4HU - £135,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 WELBY DRIVE is a very small detached house of 54m², built sometime between 1967 and 1975. It was last sold for £135,000 in September 2015, which was around 31% below the average September 2015 detached price in the South Holland local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

8 WELBY DRIVE Sold Prices

Land registry data shows four sales for 8 WELBY DRIVE 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 WELBY DRIVE sales 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
2015 2 SEP	£135,000	£196,179	31% below HPI
2013 23 SEP	£112,000	£172,666	35% below HPI
2004 26 JAN	£102,000	£149,942	32% below HPI
2003 17 OCT	£90,000	£147,616	39% below HPI

8 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 four 8 WELBY DRIVE sales between October 2003 and September 2015 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 2013 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2015 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 8 WELBY DRIVE?

8 WELBY DRIVE is 54m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 10% of detached houses in Gosberton, based on EPC data. The below chart shows the distribution of detached houses by size in Gosberton, and where 8 WELBY DRIVE lies on this distribution: 2% of detached houses are smaller than 8 WELBY DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Gosberton.

8 WELBY DRIVE: Plot and Title Map

8 WELBY DRIVE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 8 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 8 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 8 WELBY DRIVE?

8 WELBY DRIVE is located in GOSBERTON, in the PE11 postcode district. The below map shows the position of No. 8 on WELBY DRIVE.