THE BUNGALOW, SOUTH EAU BANK, GEDNEY HILL, SPALDING, PE12 0QL - £300,000

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 small extended detached house of 121m², built sometime between 1967 and 1975. It was last sold for £300,000 in August 2023, which was around 6% above the average August 2023 detached price in the South Holland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was F, and the potential energy rating was D.

THE BUNGALOW Sold Prices

Land registry data shows three sales for THE BUNGALOW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. One of the three THE BUNGALOW sales was for above the average price, whilst two 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
2023 25 AUG	£300,000	£283,483	6% above HPI
2006 5 JUN	£145,000	£179,951	19% below HPI
1997 14 APR	£38,450	£59,353	35% 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 three THE BUNGALOW sales between April 1997 and August 2023 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 June 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2023 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 121m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of detached houses in Gedney Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Gedney Hill, and where THE BUNGALOW lies on this distribution: 36% of detached houses are smaller than THE BUNGALOW, and 64% of houses are larger. Note that EPC data is not available for all properties in Gedney Hill.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.879 of an acre, or 3,559m². 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 SOUTH EAU BANK in GEDNEY HILL, in the PE12 postcode district. The below map shows the position of THE BUNGALOW on SOUTH EAU BANK.