GIN TRAP, MAIN ROAD, GEDNEY, SPALDING, PE12 0BW - £112,094

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

GIN TRAP is a small extended detached house of 96m², built sometime between 1967 and 1975. It was last sold for £112,094 in October 2006, which was around 40% below the average October 2006 detached price in the South Holland local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was B.

GIN TRAP Sold Prices

Land registry data shows three sales for GIN TRAP 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 GIN TRAP 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
2006 2 OCT	£112,094	£185,621	40% below HPI
2001 25 JUL	£76,000	£93,338	19% below HPI
1998 14 AUG	£54,950	£63,179	13% below HPI

GIN TRAP 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 GIN TRAP sales between August 1998 and October 2006 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 July 2001 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2006 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is GIN TRAP?

GIN TRAP is 96m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the smallest 30% of detached houses in Gedney, based on EPC data. The below chart shows the distribution of detached houses by size in Gedney, and where GIN TRAP lies on this distribution: 21% of detached houses are smaller than GIN TRAP, and 79% of houses are larger. Note that EPC data is not available for all properties in Gedney.

GIN TRAP: Plot and Title Map

GIN TRAP sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of GIN TRAP, 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 GIN TRAP). 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 GIN TRAP?

GIN TRAP is located on MAIN ROAD in GEDNEY, in the PE12 postcode district. The below map shows the position of GIN TRAP on MAIN ROAD.