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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
According to the public record, 1, Summer Lane, Spalding is a modern freehold house with 2,083 ft2 of internal area and sits on a 4,294 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Summer Lane, Spalding is £475,472 and the estimated rental value is £1,806 per month.
Summer Lane, Long Sutton, Spalding, PE12 is located in the borough of South Holland within the PE12 postal district.
1, Summer Lane, Spalding has 2 entries in the Land Registry , most recently in June 2012 and a single entry in the EPC database dated December 2011.
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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Summer Lane, Spalding is in very good condition we estimate a sale value of £499,246 and a rental value of £1,897 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £442,189 and a rental value of £1,680 per month.
Over the last 12 months the sale value of 1 Summer Lane Spalding has decreased by an estimated £25,632 (5.4%) and its rental value has increased by an estimated £15 per month (0.9%), giving an expected gross yield of 4.6%.
According to data from HM Land Registry, 1, Summer Lane, Spalding sits on a plot of 4294m2.
We have plot size data on 2 out of 3 other houses in the postcode and 1, Summer Lane, Spalding sits on the largest plot.
1, Summer Lane, Spalding has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Dec 2011.
The property is not connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, oil.
According to HM Land Registry, 1, Summer Lane, Spalding was last sold on 8th June 2012 for £299,995 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since June 2012, the market for similar properties has risen 68.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Summer Lane, Spalding within a radius of 1.8 kilometres over the last 2 years.
The most recent example is 35, Wisbech Road, Spalding, PE12 9AG, a freehold house which sold for £530,000 on the 11th August 2023.
Read more about house prices in PE12.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Summer Lane, Long Sutton, Spalding, PE12 has a total of 3 addresses. According to our analysis of all the public data, 1, Summer Lane, Spalding is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £236k more expensive than the average property in PE12.
The closest station to 1, Summer Lane, Spalding is Kings Lynn station which is 18.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 1, Summer Lane, Spalding, 60.6% of property is privately owned outright and 22.5% is privately owned with a mortgage.
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, Summer Lane, Spalding, 10.6% of residents are recorded as possessing school level qualifications and 12.3% 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, Summer Lane, Spalding, the average age was 46.1 and the most common age was 57.
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, Summer Lane, Spalding, 1.2% 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, Summer Lane, Spalding, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
