CRESPIA, LOWGATE, FLEET, SPALDING, PE12 8LN - £177,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CRESPIA is a small detached house of 90m², built sometime from 2007 onwards, which could now be worth an estimated £282,907. It was last sold for £177,500 in July 2014, which was around 1% below the average July 2014 detached price in the South Holland local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

CRESPIA Sold Prices

Land registry data shows two sales for CRESPIA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Both of the two CRESPIA 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
2014 4 JUL	£177,500	£179,434	1% below HPI
2007 20 FEB	£75,000	£186,675	60% below HPI

CRESPIA 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 two CRESPIA sales from February 2007 and July 2014 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 February 2007 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the July 2014 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might CRESPIA be worth now?

CRESPIA might now be worth an estimated £282,907.

This is based on house price inflation of 59.4%, between July 2014 and December 2024, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.4% inflationary increase is applied to the most recent sale price for CRESPIA of £177,500 on 4th July 2014. For the value to have increased from £177,500 to £282,907 over the nine years and seven months to December 2024, the following assumptions must hold true:

• The value of CRESPIA has moved in line with the HPI for detached houses in the South Holland local authority area.
• The July 2014 sale price of £177,500 represented a fair market value for the property.
• The size, condition, and specification of CRESPIA has not materially changed since July 2014.

How Large is CRESPIA?

CRESPIA is 90m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 40% of detached houses houses in Fleet Hargate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fleet Hargate, and where CRESPIA lies on this distribution: 35% of detached houses houses are smaller than CRESPIA, and 64% of houses are larger. Note that EPC data is not available for all properties in Fleet Hargate.

CRESPIA: Plot and Title Map

CRESPIA sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of CRESPIA, 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 CRESPIA). 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 CRESPIA?

CRESPIA is located on LOWGATE in FLEET, in the PE12 postcode district. The below map shows the position of CRESPIA on LOWGATE.