THE GABLES, MILL LANE, GEDNEY HILL, SPALDING, PE12 0PW - £475,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE GABLES is a very large extended detached house of 230m², built sometime between 1900 and 1929, which could now be worth an estimated £564,236. It was last sold for £475,000 in October 2019, which was around 103% above the average October 2019 detached price in the South Holland local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

THE GABLES Sold Prices

Land registry data shows two sales for THE GABLES 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. Both of the two THE GABLES sales were 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
2019 11 OCT	£475,000	£234,183	103% above HPI
2009 26 AUG	£175,000	£148,420	18% above HPI

THE GABLES 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 GABLES sales from August 2009 and October 2019 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 August 2009 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the October 2019 sale, where it rises to 103% above the HPI. The line then continues to track at 103% above the HPI.

What might THE GABLES be worth now?

THE GABLES might now be worth an estimated £564,236.

This is based on house price inflation of 18.8%, between October 2019 and February 2025, 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 18.8% inflationary increase is applied to the most recent sale price for THE GABLES of £475,000 on 11th October 2019. For the value to have increased from £475,000 to £564,236 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of THE GABLES has moved in line with the HPI for detached houses in the South Holland local authority area.
• The October 2019 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of THE GABLES has not materially changed since October 2019.

How Large is THE GABLES?

THE GABLES is 230m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 20% of detached houses houses in Gedney Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gedney Hill, and where THE GABLES lies on this distribution: 88% of detached houses houses are smaller than THE GABLES, and 12% of houses are larger. Note that EPC data is not available for all properties in Gedney Hill.

THE GABLES: Plot and Title Map

THE GABLES sits on a plot of roughly 0.520 of an acre, or 2,104m². The below map shows the location of THE GABLES, 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 GABLES). 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 GABLES?

THE GABLES is located on MILL LANE in GEDNEY HILL, in the PE12 postcode district. The below map shows the position of THE GABLES on MILL LANE.