NETHERWAY, HORSESHOE ROAD, SPALDING, PE11 3JA - £180,000

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

NETHERWAY is a midsized extended detached house of 102m², built sometime between 1950 and 1966. It was last sold for £180,000 in October 2015, which was around 8% below the average October 2015 detached price in the South Holland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

NETHERWAY Sold Prices

Land registry data shows four sales for NETHERWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Most of the four NETHERWAY 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 16 OCT	£180,000	£195,435	8% below HPI
2004 4 NOV	£200,000	£162,524	23% above HPI
2003 4 JUL	£135,000	£138,258	2% below HPI
1997 22 AUG	£54,950	£57,893	5% below HPI

NETHERWAY 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 four NETHERWAY sales between August 1997 and October 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 November 2004 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2015 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might NETHERWAY be worth now?

NETHERWAY might now be worth an estimated £263,402.

This is based on house price inflation of 46.3%, between October 2015 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 46.3% inflationary increase is applied to the most recent sale price for NETHERWAY of £180,000 on 16th October 2015. For the value to have increased from £180,000 to £263,402 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of NETHERWAY has moved in line with the HPI for detached houses in the South Holland local authority area.
• The October 2015 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of NETHERWAY has not materially changed since October 2015.

How Large is NETHERWAY?

NETHERWAY is 102m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 50% of detached houses houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spalding, and where NETHERWAY lies on this distribution: 40% of detached houses houses are smaller than NETHERWAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Spalding.

NETHERWAY: Plot and Title Map

NETHERWAY sits on a plot of roughly 0.204 of an acre, or 826m². The below map shows the location of NETHERWAY, 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 NETHERWAY). 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 NETHERWAY?

NETHERWAY is located on HORSESHOE ROAD in SPALDING, in the PE11 postcode district. The below map shows the position of NETHERWAY on HORSESHOE ROAD.