MARCROFT, WINDMILL LANE, GOSBERTON, SPALDING, PE11 4ES - £280,000

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

MARCROFT is a small detached house of 97m², built sometime between 1996 and 2002. It was last sold for £280,000 in May 2024, which was around 4% above the average May 2024 detached price in the South Holland local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was C.

MARCROFT Sold Prices

Land registry data shows two sales for MARCROFT 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. One of the two MARCROFT sales was for above the average price, whilst the other was roughly equal to 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
2024 8 MAY	£280,000	£269,166	4% above HPI
2002 12 DEC	£126,500	£126,885	Close to HPI

MARCROFT 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 MARCROFT sales from December 2002 and May 2024 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 December 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2024 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is MARCROFT?

MARCROFT is 97m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 40% of detached houses in Risegate, based on EPC data. The below chart shows the distribution of detached houses by size in Risegate, and where MARCROFT lies on this distribution: 34% of detached houses are smaller than MARCROFT, and 65% of houses are larger. Note that EPC data is not available for all properties in Risegate.

MARCROFT: Plot and Title Map

MARCROFT sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of MARCROFT, 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 MARCROFT). 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 MARCROFT?

MARCROFT is located on WINDMILL LANE in GOSBERTON, in the PE11 postcode district. The below map shows the position of MARCROFT on WINDMILL LANE.