PROSPECT LODGE, CHESTNUT TERRACE, SUTTON BRIDGE, SPALDING, PE12 9SX - £315,000

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

PROSPECT LODGE is a large extended detached house of 124m², built sometime between 1983 and 1990. It was last sold for £315,000 in February 2022, which was around 15% above the average February 2022 detached price in the South Holland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

PROSPECT LODGE Sold Prices

Land registry data shows two sales for PROSPECT LODGE 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 PROSPECT LODGE 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
2022 11 FEB	£315,000	£274,546	15% above HPI
2013 22 FEB	£120,000	£167,105	28% below HPI

PROSPECT LODGE 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 PROSPECT LODGE sales from February 2013 and February 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 February 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2022 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is PROSPECT LODGE?

PROSPECT LODGE is 124m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 40% of detached houses in Sutton Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Sutton Bridge, and where PROSPECT LODGE lies on this distribution: 64% of detached houses are smaller than PROSPECT LODGE, and 35% of houses are larger. Note that EPC data is not available for all properties in Sutton Bridge.

PROSPECT LODGE: Plot and Title Map

PROSPECT LODGE sits on a plot of roughly 0.189 of an acre, or 766m². The below map shows the location of PROSPECT LODGE, 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 PROSPECT LODGE). 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 PROSPECT LODGE?

PROSPECT LODGE is located on CHESTNUT TERRACE in SUTTON BRIDGE, in the PE12 postcode district. The below map shows the position of PROSPECT LODGE on CHESTNUT TERRACE.