SEVEN SPRINGS, CHESBOULE LANE, GOSBERTON RISEGATE, SPALDING, PE11 4EU - £130,000

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

SEVEN SPRINGS is a midsized detached house of 100m², built sometime between 1991 and 1995. It was last sold for £130,000 in January 2011, which was around 23% below the average January 2011 detached price in the South Holland local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was D.

SEVEN SPRINGS Sold Prices

Land registry data shows four sales for SEVEN SPRINGS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. All of the four SEVEN SPRINGS 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
2011 20 JAN	£130,000	£167,773	23% below HPI
2010 19 JAN	£125,000	£175,738	29% below HPI
2001 6 JUL	£71,000	£93,338	24% below HPI
1999 8 JUL	£56,500	£69,435	19% below HPI

SEVEN SPRINGS 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 four SEVEN SPRINGS sales between July 1999 and January 2011 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 January 2010 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2011 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is SEVEN SPRINGS?

SEVEN SPRINGS is 100m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 50% of detached houses in Risegate, based on EPC data. The below chart shows the distribution of detached houses by size in Risegate, and where SEVEN SPRINGS lies on this distribution: 43% of detached houses are smaller than SEVEN SPRINGS, and 57% of houses are larger. Note that EPC data is not available for all properties in Risegate.

SEVEN SPRINGS: Plot and Title Map

SEVEN SPRINGS sits on a plot of roughly 0.066 of an acre, or 265m². The below map shows the location of SEVEN SPRINGS, 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 SEVEN SPRINGS). 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 SEVEN SPRINGS?

SEVEN SPRINGS is located on CHESBOULE LANE in GOSBERTON RISEGATE, in the PE11 postcode district. The below map shows the position of SEVEN SPRINGS on CHESBOULE LANE.