HOPECOVE, MAIN ROAD, GEDNEY, SPALDING, PE12 0BW - £265,000

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

HOPECOVE is a large detached house of 143m², built sometime between 2003 and 2006. It was last sold for £265,000 in September 2015, which was around 35% above the average September 2015 detached price in the South Holland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

HOPECOVE Sold Prices

Land registry data shows five sales for HOPECOVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Most of the five HOPECOVE 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
2015 22 SEP	£265,000	£196,179	35% above HPI
2006 6 OCT	£235,000	£185,621	27% above HPI
2005 25 JAN	£77,000	£172,256	55% below HPI
2003 20 JUN	£80,000	£138,951	42% below HPI
2002 27 SEP	£55,000	£118,411	54% below HPI

HOPECOVE 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 five HOPECOVE sales between September 2002 and September 2015 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 October 2006 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the September 2015 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is HOPECOVE?

HOPECOVE is 143m² according to the EPC inspection conducted in April 2015. This puts it in the largest 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 HOPECOVE lies on this distribution: 70% of detached houses are smaller than HOPECOVE, and 27% of houses are larger. Note that EPC data is not available for all properties in Gedney.

HOPECOVE: Plot and Title Map

HOPECOVE sits on a plot of roughly 0.185 of an acre, or 749m². The below map shows the location of HOPECOVE, 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 HOPECOVE). 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 HOPECOVE?

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