OPEN VIEWS, LUTTON BANK, LUTTON, SPALDING, PE12 9LL - £125,000

OPEN VIEWS is a very small extended detached house of 65m², built sometime between 1900 and 1929. It was last sold for £125,000 in May 2014, which was around 30% below the average May 2014 detached price in the South Holland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

OPEN VIEWS Sold Prices

Land registry data shows three sales for OPEN VIEWS 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. All of the three OPEN VIEWS sales 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
2014 21 MAY	£125,000	£178,190	30% below HPI
2004 27 MAY	£117,000	£154,338	24% below HPI
2001 6 JUL	£57,000	£93,338	39% below HPI

OPEN VIEWS 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 OPEN VIEWS sales between July 2001 and May 2014 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 2004 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2014 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is OPEN VIEWS?

OPEN VIEWS is 65m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Lutton, based on EPC data. The below chart shows the distribution of detached houses by size in Lutton, and where OPEN VIEWS lies on this distribution: 3% of detached houses are smaller than OPEN VIEWS, and 97% of houses are larger. Note that EPC data is not available for all properties in Lutton.

OPEN VIEWS: Plot and Title Map

OPEN VIEWS sits on a plot of roughly 0.203 of an acre, or 821m². The below map shows the location of OPEN VIEWS, 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 OPEN VIEWS). 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 OPEN VIEWS?

OPEN VIEWS is located on LUTTON BANK in LUTTON, in the PE12 postcode district. The below map shows the position of OPEN VIEWS on LUTTON BANK.