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

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.

NORPEG is a very large extended detached house of 170m², built sometime between 1900 and 1929, which could now be worth an estimated £306,778. 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	£299,235	10% above HPI
2002 7 JUN	£110,000	£108,738	1% above HPI
1998 14 JAN	£28,000	£60,701	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.

What might NORPEG be worth now?

NORPEG might now be worth an estimated £306,778.

This is based on house price deflation of 7%, between September 2022 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 7% deflationary decrease is applied to the most recent sale price for NORPEG of £330,000 on 30th September 2022. For the value to have decreased from £330,000 to £306,778 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of NORPEG has moved in line with the HPI for detached houses in the South Holland local authority area.
• The September 2022 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of NORPEG has not materially changed since September 2022.

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 houses in Holbeach Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Holbeach Bank, and where NORPEG lies on this distribution: 85% of detached houses 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.