CORNFIELDS, LUTTON BANK, LUTTON, SPALDING, PE12 9LL - £361,000

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

CORNFIELDS is a very large extended detached house of 157m², built sometime between 2003 and 2006. It was last sold for £361,000 in April 2021, which was around 43% above the average April 2021 detached price in the South Holland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

CORNFIELDS Sold Prices

Land registry data shows three sales for CORNFIELDS 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 CORNFIELDS 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
2021 8 APR	£361,000	£252,405	43% above HPI
2005 8 SEP	£224,000	£171,768	30% above HPI
2000 6 OCT	£110,000	£87,647	26% above HPI

CORNFIELDS 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 CORNFIELDS sales between October 2000 and April 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 September 2005 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the April 2021 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is CORNFIELDS?

CORNFIELDS is 157m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 20% of detached houses in Lutton, based on EPC data. The below chart shows the distribution of detached houses by size in Lutton, and where CORNFIELDS lies on this distribution: 85% of detached houses are smaller than CORNFIELDS, and 15% of houses are larger. Note that EPC data is not available for all properties in Lutton.

CORNFIELDS: Plot and Title Map

CORNFIELDS sits on a plot of roughly 0.166 of an acre, or 673m². The below map shows the location of CORNFIELDS, 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 CORNFIELDS). 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 CORNFIELDS?

CORNFIELDS is located on LUTTON BANK in LUTTON, in the PE12 postcode district. The below map shows the position of CORNFIELDS on LUTTON BANK.