NORPEG, ROMAN BANK, HOLBEACH BANK, SPALDING, PE12 8BX - £330,000

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

NORPEG is a very large extended detached house of 170m², built sometime between 1900 and 1929. It was last sold for £330,000 in September 2022, which was around 10% above the average September 2022 detached price in the South Holland local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was C.

NORPEG Sold Prices

Land registry data shows three sales for NORPEG 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. Two of the three NORPEG sales were for above the average price, whilst one was 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 30 SEP	£330,000	£300,708	10% above HPI
2002 7 JUN	£110,000	£109,273	1% above HPI
1998 14 JAN	£28,000	£61,000	54% below HPI

NORPEG 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 NORPEG sales between January 1998 and September 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 June 2002 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2022 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is NORPEG?

NORPEG is 170m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 20% of detached houses in Holbeach Bank, based on EPC data. The below chart shows the distribution of detached houses by size in Holbeach Bank, and where NORPEG lies on this distribution: 85% of detached houses are smaller than NORPEG, and 15% of houses are larger. Note that EPC data is not available for all properties in Holbeach Bank.

NORPEG: Plot and Title Map

NORPEG sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of NORPEG, 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 NORPEG). 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 NORPEG?

NORPEG is located on ROMAN BANK in HOLBEACH BANK, in the PE12 postcode district. The below map shows the position of NORPEG on ROMAN BANK.