THE CHESTNUTS, NORTH ROAD, GEDNEY HILL, SPALDING, PE12 0NL - £330,000

THE CHESTNUTS is a midsized detached house of 147m², built sometime between 1983 and 1990. It was last sold for £330,000 in January 2021, which was around 37% above the average January 2021 detached price in the South Holland local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was B.

THE CHESTNUTS Sold Prices

Land registry data shows three sales for THE CHESTNUTS 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. Two of the three THE CHESTNUTS sales were for above the average price, whilst one was 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
2021 7 JAN	£330,000	£240,407	37% above HPI
2016 23 AUG	£200,000	£209,571	5% below HPI
2003 30 MAY	£187,500	£135,334	39% above HPI

THE CHESTNUTS 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 THE CHESTNUTS sales between May 2003 and January 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 August 2016 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2021 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is THE CHESTNUTS?

THE CHESTNUTS is 147m² according to the EPC inspection conducted in May 2016. This puts it in the largest 50% 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 THE CHESTNUTS lies on this distribution: 58% of detached houses are smaller than THE CHESTNUTS, and 42% of houses are larger. Note that EPC data is not available for all properties in Gedney Hill.

THE CHESTNUTS: Plot and Title Map

THE CHESTNUTS sits on a plot of roughly 0.231 of an acre, or 935m². The below map shows the location of THE CHESTNUTS, 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 CHESTNUTS). 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 CHESTNUTS?

THE CHESTNUTS is located on NORTH ROAD in GEDNEY HILL, in the PE12 postcode district. The below map shows the position of THE CHESTNUTS on NORTH ROAD.