OLD POST OFFICE, CHAPELGATE, GEDNEY, SPALDING, PE12 0BJ - £350,000

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

OLD POST OFFICE is a very large extended detached house of 188m², built sometime before 1900. It was last sold for £350,000 in September 2022, which was around 16% above the average September 2022 detached price in the South Holland local authority area. The most recent EPC inspection was March 2021, where the current energy rating was F, and the potential energy rating was C.

OLD POST OFFICE Sold Prices

Land registry data shows three sales for OLD POST OFFICE 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 OLD POST OFFICE sales were for above 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 2 SEP	£350,000	£300,708	16% above HPI
2001 3 JUL	£160,000	£93,338	71% above HPI
1998 17 JUL	£96,000	£62,920	53% above HPI

OLD POST OFFICE 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 OLD POST OFFICE sales between July 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 July 2001 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the September 2022 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is OLD POST OFFICE?

OLD POST OFFICE is 188m², which includes three extensions, according to the EPC inspection conducted in March 2021. This puts it in the largest 20% of detached houses in Gedney, based on EPC data. The below chart shows the distribution of detached houses by size in Gedney, and where OLD POST OFFICE lies on this distribution: 90% of detached houses are smaller than OLD POST OFFICE, and 10% of houses are larger. Note that EPC data is not available for all properties in Gedney.

OLD POST OFFICE: Plot and Title Map

OLD POST OFFICE sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of OLD POST OFFICE, 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 OLD POST OFFICE). 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 OLD POST OFFICE?

OLD POST OFFICE is located on CHAPELGATE in GEDNEY, in the PE12 postcode district. The below map shows the position of OLD POST OFFICE on CHAPELGATE.