CHERRYTOFT, LONG LANE, GEDNEY HILL, SPALDING, PE12 0PP - £373,000

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

CHERRYTOFT is a small extended detached house of 122m², built sometime between 1983 and 1990. It was last sold for £373,000 in October 2022, which was around 24% above the average October 2022 detached price in the South Holland local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was C.

CHERRYTOFT Sold Prices

Land registry data shows three sales for CHERRYTOFT 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 CHERRYTOFT 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 14 OCT	£373,000	£300,105	24% above HPI
2014 18 SEP	£204,999	£183,974	11% above HPI
1995 23 MAR	£82,000	£51,313	60% above HPI

CHERRYTOFT 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 CHERRYTOFT sales between March 1995 and October 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 September 2014 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the October 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is CHERRYTOFT?

CHERRYTOFT is 122m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of detached houses in Gedney Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Gedney Hill, and where CHERRYTOFT lies on this distribution: 36% of detached houses are smaller than CHERRYTOFT, and 62% of houses are larger. Note that EPC data is not available for all properties in Gedney Hill.

CHERRYTOFT: Plot and Title Map

CHERRYTOFT sits on a plot of roughly 0.269 of an acre, or 1,088m². The below map shows the location of CHERRYTOFT, 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 CHERRYTOFT). 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 CHERRYTOFT?

CHERRYTOFT is located on LONG LANE in GEDNEY HILL, in the PE12 postcode district. The below map shows the position of CHERRYTOFT on LONG LANE.