THE BUNGALOW, MAIN ROAD, HOLBEACH DROVE, SPALDING, PE12 0PS - £345,000

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

THE BUNGALOW is a midsized extended detached house of 118m², built sometime between 1930 and 1949. It was last sold for £345,000 in December 2022, which was around 15% above the average December 2022 detached price in the South Holland local authority area. The most recent EPC inspection was September 2023, where the current energy rating was F, and the potential energy rating was A.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW 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 THE BUNGALOW 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 9 DEC	£345,000	£300,425	15% above HPI
2017 17 MAR	£170,000	£217,553	22% below HPI

THE BUNGALOW 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 THE BUNGALOW sales from March 2017 and December 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 March 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2022 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 118m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the smallest 50% of detached houses in Holbeach Drove, based on EPC data. The below chart shows the distribution of detached houses by size in Holbeach Drove, and where THE BUNGALOW lies on this distribution: 41% of detached houses are smaller than THE BUNGALOW, and 57% of houses are larger. Note that EPC data is not available for all properties in Holbeach Drove.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.401 of an acre, or 1,622m². The below map shows the location of THE BUNGALOW, 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 THE BUNGALOW). 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 THE BUNGALOW?

THE BUNGALOW is located on MAIN ROAD in HOLBEACH DROVE, in the PE12 postcode district. The below map shows the position of THE BUNGALOW on MAIN ROAD.