MONETTE, WHARF STREET, SUTTON BRIDGE, SPALDING, PE12 9UF - £175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MONETTE is a very small detached house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £202,405. It was last sold for £175,000 in October 2020, which was around 27% below the average October 2020 detached price in the South Holland local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

MONETTE Sold Prices

Land registry data shows three sales for MONETTE 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. All of the three MONETTE 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
2020 28 OCT	£175,000	£240,513	27% below HPI
2005 22 APR	£130,000	£172,740	25% below HPI
1998 11 OCT	£48,000	£64,938	26% below HPI

MONETTE 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 MONETTE sales between October 1998 and October 2020 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 April 2005 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might MONETTE be worth now?

MONETTE might now be worth an estimated £202,405.

This is based on house price inflation of 15.7%, between October 2020 and February 2025, 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 15.7% inflationary increase is applied to the most recent sale price for MONETTE of £175,000 on 28th October 2020. For the value to have increased from £175,000 to £202,405 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of MONETTE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The October 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of MONETTE has not materially changed since October 2020.

How Large is MONETTE?

MONETTE is 61m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of detached houses houses in Sutton Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sutton Bridge, and where MONETTE lies on this distribution: 4% of detached houses houses are smaller than MONETTE, and 95% of houses are larger. Note that EPC data is not available for all properties in Sutton Bridge.

MONETTE: Plot and Title Map

MONETTE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of MONETTE, 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 MONETTE). 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 MONETTE?

MONETTE is located on WHARF STREET in SUTTON BRIDGE, in the PE12 postcode district. The below map shows the position of MONETTE on WHARF STREET.