7, COLES CLOSE, HOLBEACH, SPALDING, PE12 7QT - £187,000

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.

7 COLES CLOSE is a small detached house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £232,724. It was last sold for £187,000 in April 2019, which was around 19% below the average April 2019 detached price in the South Holland local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

7 COLES CLOSE Sold Prices

Land registry data shows two sales for 7 COLES CLOSE 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 7 COLES CLOSE sales was for below the average price, whilst the other was 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 2 APR	£187,000	£231,422	19% below HPI
1997 5 DEC	£67,500	£61,347	10% above HPI

7 COLES CLOSE 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 7 COLES CLOSE sales from December 1997 and April 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 December 1997 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the April 2019 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 7 COLES CLOSE be worth now?

7 COLES CLOSE might now be worth an estimated £232,724.

This is based on house price inflation of 24.5%, between April 2019 and May 2026, 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 24.5% inflationary increase is applied to the most recent sale price for 7 COLES CLOSE of £187,000 on 2nd April 2019. For the value to have increased from £187,000 to £232,724 over the six years and eleven months to May 2026, the following assumptions must hold true:

• The value of 7 COLES CLOSE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The April 2019 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 7 COLES CLOSE has not materially changed since April 2019.

How Large is 7 COLES CLOSE?

7 COLES CLOSE is 81m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 30% of detached houses houses in Holbeach, based on EPC data. The below chart shows the distribution of detached houses houses by size in Holbeach, and where 7 COLES CLOSE lies on this distribution: 22% of detached houses houses are smaller than 7 COLES CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Holbeach.

7 COLES CLOSE: Plot and Title Map

7 COLES CLOSE sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 7 COLES CLOSE, 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 7 COLES CLOSE). 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 7 COLES CLOSE?

7 COLES CLOSE is located in HOLBEACH, in the PE12 postcode district. The below map shows the position of No. 7 on COLES CLOSE.