OLD SCHOOL HOUSE, LONG LANE, GEDNEY HILL, SPALDING, PE12 0PP - £185,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

OLD SCHOOL HOUSE is a small extended semi-detached house of 115m², built sometime before 1900. It was last sold for £185,000 in September 2013, which was around 7% above the average September 2013 detached price in the South Holland local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was C.

OLD SCHOOL HOUSE Sold Prices

Land registry data shows two sales for OLD SCHOOL HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. One of the two OLD SCHOOL HOUSE sales was for above the average price, whilst the other 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
2013 23 SEP	£185,000	£172,666	7% above HPI
2005 16 DEC	£142,000	£174,209	18% below HPI

OLD SCHOOL HOUSE 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 two OLD SCHOOL HOUSE sales from December 2005 and September 2013 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 December 2005 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2013 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is 115m², which includes two extensions, according to the EPC inspection conducted in January 2020. This puts it in the smallest 30% of detached houses in Gedney Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Gedney Hill, and where OLD SCHOOL HOUSE lies on this distribution: 30% of detached houses are smaller than OLD SCHOOL HOUSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Gedney Hill.

OLD SCHOOL HOUSE: Plot and Title Map

OLD SCHOOL HOUSE sits on a plot of roughly 0.212 of an acre, or 858m². The below map shows the location of OLD SCHOOL HOUSE, 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 SCHOOL HOUSE). 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 SCHOOL HOUSE?

OLD SCHOOL HOUSE is located on LONG LANE in GEDNEY HILL, in the PE12 postcode district. The below map shows the position of OLD SCHOOL HOUSE on LONG LANE.