HALF ACRE, WEST DROVE NORTH, GEDNEY HILL, SPALDING, PE12 0PL - £195,000

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

HALF ACRE is a small extended detached house of 124m², built sometime before 1900. It was last sold for £195,000 in June 2013, which was around 19% above the average June 2013 detached price in the South Holland local authority area. The most recent EPC inspection was January 2010, where the current energy rating was F, and the potential energy rating was E.

HALF ACRE Sold Prices

Land registry data shows four sales for HALF ACRE 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 HALF ACRE 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
2013 13 JUN	£195,000	£163,823	19% above HPI
2007 16 NOV	£246,000	£198,109	24% above HPI
2005 30 SEP	£179,500	£171,768	5% above HPI
2002 8 NOV	£145,000	£126,844	14% above HPI

HALF ACRE 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 HALF ACRE sales between November 2002 and June 2013 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 November 2007 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the June 2013 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is HALF ACRE?

HALF ACRE is 124m², which includes one extension, according to the EPC inspection conducted in January 2010. 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 HALF ACRE lies on this distribution: 39% of detached houses are smaller than HALF ACRE, and 61% of houses are larger. Note that EPC data is not available for all properties in Gedney Hill.

HALF ACRE: Plot and Title Map

HALF ACRE sits on a plot of roughly 0.605 of an acre, or 2,447m². The below map shows the location of HALF ACRE, 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 HALF ACRE). 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 HALF ACRE?

HALF ACRE is located on WEST DROVE NORTH in GEDNEY HILL, in the PE12 postcode district. The below map shows the position of HALF ACRE on WEST DROVE NORTH.