RED ROOFS, MAIN ROAD, WHAPLODE DROVE, SPALDING, PE12 0TP - £273,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

RED ROOFS is a midsized detached house of 113m², built sometime between 1930 and 1949, which could now be worth an estimated £286,302. It was last sold for £273,500 in February 2022, which was about the average February 2022 detached price in the South Holland local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was C.

RED ROOFS Sold Prices

Land registry data shows two sales for RED ROOFS 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 RED ROOFS sales was roughly equal to the average price, whilst the other was 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 4 FEB	£273,500	£273,201	Close to HPI
2002 1 FEB	£110,000	£101,516	8% above HPI

RED ROOFS 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 RED ROOFS sales from February 2002 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 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might RED ROOFS be worth now?

RED ROOFS might now be worth an estimated £286,302.

This is based on house price inflation of 4.7%, between February 2022 and December 2024, 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 4.7% inflationary increase is applied to the most recent sale price for RED ROOFS of £273,500 on 4th February 2022. For the value to have increased from £273,500 to £286,302 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of RED ROOFS has moved in line with the HPI for detached houses in the South Holland local authority area.
• The February 2022 sale price of £273,500 represented a fair market value for the property.
• The size, condition, and specification of RED ROOFS has not materially changed since February 2022.

How Large is RED ROOFS?

RED ROOFS is 113m² according to the EPC inspection conducted in September 2021. This puts it in the largest 50% of detached houses houses in Whaplode Drove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whaplode Drove, and where RED ROOFS lies on this distribution: 52% of detached houses houses are smaller than RED ROOFS, and 45% of houses are larger. Note that EPC data is not available for all properties in Whaplode Drove.

RED ROOFS: Plot and Title Map

RED ROOFS sits on a plot of roughly 0.381 of an acre, or 1,541m². The below map shows the location of RED ROOFS, 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 RED ROOFS). 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 RED ROOFS?

RED ROOFS is located on MAIN ROAD in WHAPLODE DROVE, in the PE12 postcode district. The below map shows the position of RED ROOFS on MAIN ROAD.