ORCHARDS, PECKS DROVE WEST, SPALDING, PE12 6BH - £146,000

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

ORCHARDS is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £146,000 in May 2014, which was around 18% below the average May 2014 detached price in the South Holland local authority area. The most recent EPC inspection was June 2013, where the current energy rating was F, and the potential energy rating was B.

ORCHARDS Sold Prices

Land registry data shows two sales for ORCHARDS 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. Both of the two ORCHARDS 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
2014 7 MAY	£146,000	£178,190	18% below HPI
2013 21 JUN	£95,000	£163,823	42% below HPI

ORCHARDS 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 ORCHARDS sales from June 2013 and May 2014 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 2013 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the May 2014 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is ORCHARDS?

ORCHARDS is 70m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 10% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where ORCHARDS lies on this distribution: 8% of detached houses are smaller than ORCHARDS, and 92% of houses are larger. Note that EPC data is not available for all properties in Spalding.

ORCHARDS: Plot and Title Map

ORCHARDS sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of ORCHARDS, 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 ORCHARDS). 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 ORCHARDS?

ORCHARDS is located on PECKS DROVE WEST in SPALDING, in the PE12 postcode district. The below map shows the position of ORCHARDS on PECKS DROVE WEST.