HOMELANDS, LOWGATE, FLEET, SPALDING, PE12 8LN - £112,000

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

HOMELANDS is a very small extended detached house of 50m², built sometime between 1930 and 1949, which could now be worth an estimated £183,162. It was last sold for £112,000 in January 2010, which was around 36% below the average January 2010 detached price in the South Holland local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was A.

HOMELANDS Sold Prices

Land registry data shows two sales for HOMELANDS 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 HOMELANDS 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
2010 22 JAN	£112,000	£174,877	36% below HPI
2002 28 MAR	£75,000	£99,727	25% below HPI

HOMELANDS 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 HOMELANDS sales from March 2002 and January 2010 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 March 2002 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2010 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might HOMELANDS be worth now?

HOMELANDS might now be worth an estimated £183,162.

This is based on house price inflation of 63.5%, between January 2010 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 63.5% inflationary increase is applied to the most recent sale price for HOMELANDS of £112,000 on 22nd January 2010. For the value to have increased from £112,000 to £183,162 over the thirteen years and one month to December 2024, the following assumptions must hold true:

• The value of HOMELANDS has moved in line with the HPI for detached houses in the South Holland local authority area.
• The January 2010 sale price of £112,000 represented a fair market value for the property.
• The size, condition, and specification of HOMELANDS has not materially changed since January 2010.

How Large is HOMELANDS?

HOMELANDS is 50m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% 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 HOMELANDS lies on this distribution: 1% of detached houses houses are smaller than HOMELANDS, and 99% of houses are larger. Note that EPC data is not available for all properties in Fleet Hargate.

HOMELANDS: Plot and Title Map

HOMELANDS sits on a plot of roughly 0.253 of an acre, or 1,024m². The below map shows the location of HOMELANDS, 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 HOMELANDS). 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 HOMELANDS?

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