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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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1, Algers Walk, Spalding appears in the public record as a leasehold house.
By comparing it to nearby properties, we estimate it to be a modern house with 445 ft2 of internal area and a garden.
Locally, houses of this size normally have 2 bedrooms.
Our estimate of the sale value of 1, Algers Walk, Spalding is £147,125 and its rental estimate is £711 per month, given the available information and assuming reasonable condition.
Algers Walk, Spalding, PE11 falls within the PE11 postal district, in the borough of South Holland.
1, Algers Walk, Spalding has a single entry in the Land Registry from January 2023 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Algers Walk, Spalding, we estimate a market value of £154,481 and a rental value of £746 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £136,826 and £661 per month respectively.
Over the last year, 1, Algers Walk, Spalding has seen its estimated sale value decrease by £3,659 (2.5%) and its estimated rental value grow by £30 per month (4.2%). This results in an estimated gross rental yield of 5.8%.
The most recent sale of 1, Algers Walk, Spalding completed on 9th January 2023 at £115,000 and was recorded by HM Land Registry as a leasehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 15.5% over the period since January 2023.
Over the past 2 years 3 properties have sold within 740 metres of 1, Algers Walk, Spalding, per the Land Registry and our network of Estate Agents.
The latest, on the 1st March 2024, was 3, Wintergold Avenue, Spalding, PE11 3FP, a freehold house which sold for £245,000.
Read more about house prices in PE11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 13 addresses on Algers Walk, Spalding, PE11, 1, Algers Walk, Spalding comes out as the 13th largest and the 12th most expensive in our analysis of the public data.
It is also £73k less expensive than the average property across the PE11 district.
From 1, Algers Walk, Spalding, the nearest station is Spalding, 1.2 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Algers Walk, Spalding, 44.8% of property is privately owned with a mortgage and 29.5% is privately owned outright.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Algers Walk, Spalding, 17.6% of residents are recorded as possessing school level qualifications and 20.7% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Algers Walk, Spalding, the average age was 40.1 and the most common age was 32.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Algers Walk, Spalding, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Algers Walk, Spalding, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
