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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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14, Orwell Drive, Spalding is recorded publicly as a modern leasehold apartment across 753 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 14, Orwell Drive, Spalding is £149,680 and its rental estimate is £692 per month, given the available information and assuming reasonable condition.
Orwell Drive, Spalding, PE11 falls within the PE11 postal district, in the borough of South Holland.
14, Orwell Drive, Spalding has a single entry in the Land Registry from November 2020 and a single entry in the EPC database dated November 2020.
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.
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 14, Orwell Drive, Spalding, we estimate a market value of £157,164 and a rental value of £726 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £139,202 and £643 per month respectively.
Over the last year, 14, Orwell Drive, Spalding has seen its estimated sale value decline by £3,310 (2.2%) and its estimated rental value climb by £28 per month (4.0%). This results in an estimated gross rental yield of 5.5%.
14, Orwell Drive, Spalding has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Nov 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 14, Orwell Drive, Spalding completed on 19th November 2020 at £143,994 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 1.2% over the period since November 2020.
Over the past 2 years 3 properties similar to 14, Orwell Drive, Spalding have sold within a radius of 840 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th February 2022, was 2, Defoe Lane, Spalding, PE11 1FU, a leasehold flat which sold for £10,000.
Read more about house prices in PE11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 31 addresses on Orwell Drive, Spalding, PE11, 14, Orwell Drive, Spalding comes out as the 31st largest and the 31st most expensive in our analysis of the public data.
It is also £71k less expensive than the average property across the PE11 district.
From 14, Orwell Drive, Spalding, the nearest station is Spalding, 1.8 kilometres away.
The flood risk here is rated medium, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 14, Orwell Drive, Spalding, 55.2% of property is privately owned with a mortgage and 14.5% 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 14, Orwell Drive, Spalding, 22.7% of residents are recorded as possessing school level qualifications and 26.5% 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 14, Orwell Drive, Spalding, the average age was 42.3 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 14, Orwell Drive, 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 14, Orwell Drive, Spalding, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
