1, Hungate Lane
1, Hungate Lane
Description & Estimates
Public records show 1, Hungate Lane, Spalding to be a mid-century freehold house with 2,023 ft2 of internal area, sitting on a 853 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
1, Hungate Lane, Spalding has an estimated sale value of £525,050 and an estimated rental value of £1,995 per month, assuming reasonable condition and based on the information available.
Hungate Lane, Surfleet, Spalding, PE11 lies in the borough of South Holland, within the PE11 postal district.
Our Data Sources
1, Hungate Lane, Spalding has a single entry in the Land Registry from October 2020 and a single entry in the EPC database dated October 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 1, Hungate Lane, Spalding would be worth £551,302, with a potential rental value of £2,094 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £488,296, with a rental value of £1,855 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1, Hungate Lane, Spalding has decreased by £27,260 (5.2%) over the last year. During the same period, its estimated monthly rental value has grown by £20 (1.0%). The property's estimated gross yield is currently 4.6%.
Plot Size
1, Hungate Lane, Spalding occupies a 853 m2 plot as recorded by HM Land Registry.
Of the 6 other houses in this postcode, 2 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
1, Hungate Lane, Spalding has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Oct 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
1, Hungate Lane, Spalding last changed hands on 5th October 2020, selling for £285,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 3.2% since October 2020.
- Sold Oct 2020£285,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 3.4 kilometres of 1, Hungate Lane, Spalding across the last 2 years.
Most recently, 6, Needham Drive, Spalding, PE11 4FU, a freehold house, sold at £570,000 on the 19th December 2024.
Read more about house prices in PE11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1, Hungate Lane, Spalding as the 3rd largest and the 3rd most expensive of the 6 addresses on Hungate Lane, Surfleet, Spalding, PE11.
Against the PE11 postcode district average, it is £304k more expensive than the typical property.
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Schools Nearby
- 300mSurfleet Primary School
- 3.0kmGosberton Academy
- 3.4kmThe Pinchbeck East Church of England Primary Academy
- 6.2kmSpalding Academy
- 6.5kmSpalding High School
- 6.5kmSpalding Grammar School
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Public Transport Nearby
Spalding station is the nearest stop to 1, Hungate Lane, Spalding at 6.0 kilometres away.
- 6.0kmSpalding
- 14.7kmSwineshead
- 15.1kmHubberts Bridge
Risk of Flooding
Environment Agency data suggests this area has a medium risk of flooding.
