THREE WAYS, LUTTONGATE, GEDNEY HILL, SPALDING, PE12 0QH - £750,000

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

THREE WAYS is a very large detached house of 246m², built sometime between 1991 and 1995. It was last sold for £750,000 in August 2021, which was around 187% above the average August 2021 detached price in the South Holland local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was C.

THREE WAYS Sold Prices

Land registry data shows four sales for THREE WAYS 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 THREE WAYS 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
2021 10 AUG	£750,000	£261,111	187% above HPI
2019 24 MAY	£460,000	£233,156	97% above HPI
2006 17 OCT	£350,000	£185,621	89% above HPI
2003 26 SEP	£249,950	£140,143	78% above HPI

THREE WAYS 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 THREE WAYS sales between September 2003 and August 2021 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 2019 sale was for 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the August 2021 sale, where it rises to 187% above the HPI. The line then continues to track at 187% above the HPI.

How Large is THREE WAYS?

THREE WAYS is 246m² according to the EPC inspection conducted in July 2018. This puts it in the largest 20% 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 THREE WAYS lies on this distribution: 90% of detached houses are smaller than THREE WAYS, and 10% of houses are larger. Note that EPC data is not available for all properties in Gedney Hill.

THREE WAYS: Plot and Title Map

THREE WAYS sits on a plot of roughly 2.9 acres, or 11,857m². The below map shows the location of THREE WAYS, 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 THREE WAYS). 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 THREE WAYS?

THREE WAYS is located on LUTTONGATE in GEDNEY HILL, in the PE12 postcode district. The below map shows the position of THREE WAYS on LUTTONGATE.