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

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

RED ROOFS is a midsized detached house of 113m², built sometime between 1930 and 1949. 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	£274,546	Close to HPI
2002 1 FEB	£110,000	£102,016	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.

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 in Whaplode Drove, based on EPC data. The below chart shows the distribution of detached houses by size in Whaplode Drove, and where RED ROOFS lies on this distribution: 51% of detached houses are smaller than RED ROOFS, and 46% 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.