MAGPIE LODGE, FENGATE, MOULTON CHAPEL, SPALDING, PE12 0XL - £575,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MAGPIE LODGE is a large detached house of 180m², built in 2022. It was last sold for £575,000 in October 2022, which was around 92% above the average October 2022 detached price in the South Holland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

MAGPIE LODGE Sold Prices

Land registry data shows three sales for MAGPIE LODGE 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. One of the three MAGPIE LODGE sales was for above the average price, whilst two 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
2022 4 OCT	£575,000	£300,105	92% above HPI
2003 15 AUG	£87,500	£137,740	36% below HPI
2000 22 MAY	£39,000	£78,776	50% below HPI

MAGPIE LODGE 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 MAGPIE LODGE sales between May 2000 and October 2022 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 August 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2022 sale, where it rises to 92% above the HPI. The line then continues to track at 92% above the HPI.

How Large is MAGPIE LODGE?

MAGPIE LODGE is 180m² according to the EPC inspection conducted in August 2022. This puts it in the largest 30% of detached houses in Moulton Chapel, based on EPC data. The below chart shows the distribution of detached houses by size in Moulton Chapel, and where MAGPIE LODGE lies on this distribution: 76% of detached houses are smaller than MAGPIE LODGE, and 23% of houses are larger. Note that EPC data is not available for all properties in Moulton Chapel.

MAGPIE LODGE: Plot and Title Map

MAGPIE LODGE sits on a plot of roughly 0.224 of an acre, or 905m². The below map shows the location of MAGPIE LODGE, 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 MAGPIE LODGE). 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 MAGPIE LODGE?

MAGPIE LODGE is located on FENGATE in MOULTON CHAPEL, in the PE12 postcode district. The below map shows the position of MAGPIE LODGE on FENGATE.