THE MELROSE, DOWSDALE BANK, SHEPEAU STOW, SPALDING, PE12 0TZ - £370,000

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

THE MELROSE is a very small detached house of 100m², built sometime between 1950 and 1966. It was last sold for £370,000 in September 2018, which was around 55% above the average September 2018 detached price in the South Holland local authority area. The most recent EPC inspection was December 2010, where the current energy rating was F, and the potential energy rating was E.

THE MELROSE Sold Prices

Land registry data shows two sales for THE MELROSE 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 MELROSE 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
2018 7 SEP	£370,000	£238,085	55% above HPI
2011 5 MAY	£237,500	£165,145	44% above HPI

THE MELROSE 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 MELROSE sales from May 2011 and September 2018 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 May 2011 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the September 2018 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is THE MELROSE?

THE MELROSE is 100m² according to the EPC inspection conducted in December 2010. This puts it in the smallest 20% of detached houses in Shepeau Stow, based on EPC data. The below chart shows the distribution of detached houses by size in Shepeau Stow, and where THE MELROSE lies on this distribution: 17% of detached houses are smaller than THE MELROSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Shepeau Stow.

THE MELROSE: Plot and Title Map

THE MELROSE sits on a plot of roughly 1.9 acres, or 7,643m². The below map shows the location of THE MELROSE, 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 MELROSE). 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 MELROSE?

THE MELROSE is located on DOWSDALE BANK in SHEPEAU STOW, in the PE12 postcode district. The below map shows the position of THE MELROSE on DOWSDALE BANK.