NEWLANDS, CHESBOULE LANE, GOSBERTON RISEGATE, SPALDING, PE11 4EU - £257,500

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

NEWLANDS is a midsized extended detached house of 107m², built sometime between 1967 and 1975. It was last sold for £257,500 in September 2023, which was around 11% below the average September 2023 detached price in the South Holland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was F, and the potential energy rating was D.

NEWLANDS Sold Prices

Land registry data shows five sales for NEWLANDS 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 NEWLANDS 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
2023 5 SEP	£257,500	£289,034	11% below HPI
2005 27 JUL	£182,000	£169,602	7% above HPI
2002 21 JUN	£92,000	£109,273	16% below HPI
1999 3 DEC	£65,000	£70,904	8% below HPI
1996 9 FEB	£56,000	£57,319	2% below HPI

NEWLANDS 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 NEWLANDS sales between February 1996 and September 2023 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 July 2005 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the September 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is NEWLANDS?

NEWLANDS is 107m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the largest 50% of detached houses in Risegate, based on EPC data. The below chart shows the distribution of detached houses by size in Risegate, and where NEWLANDS lies on this distribution: 51% of detached houses are smaller than NEWLANDS, and 48% of houses are larger. Note that EPC data is not available for all properties in Risegate.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.268 of an acre, or 1,085m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on CHESBOULE LANE in GOSBERTON RISEGATE, in the PE11 postcode district. The below map shows the position of NEWLANDS on CHESBOULE LANE.