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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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According to the public record, 2, Morus Close, Spalding is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,428 ft2 of internal area and sits on a 433 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Morus Close, Spalding is £310,316 and the estimated rental value is £1,160 per month.
Morus Close, Spalding, PE11 is located in the borough of South Holland within the PE11 postal district.
2, Morus Close, Spalding has a single entry in the Land Registry from April 2012 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 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 2, Morus Close, Spalding is in very good condition we estimate a sale value of £325,832 and a rental value of £1,218 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £288,594 and a rental value of £1,079 per month.
Over the last 12 months the sale value of 2 Morus Close Spalding has decreased by an estimated £19,869 (6.4%) and its rental value has increased by an estimated £12 per month (1.0%), giving an expected gross yield of 4.5%.
According to data from HM Land Registry, 2, Morus Close, Spalding sits on a plot of 433m2.
We have plot size data on 9 out of 9 other houses in the postcode and 2, Morus Close, Spalding sits on the 8th largest plot.
According to HM Land Registry, 2, Morus Close, Spalding was last sold on 27th April 2012 for £180,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since April 2012, the market for similar properties has risen 60.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Morus Close, Spalding within a radius of 800 metres over the last 2 years.
The most recent example is 62, Saxon Close, Spalding, PE12 6AX, a freehold house which sold for £337,500 on the 13th May 2024.
Read more about house prices in PE11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morus Close, Spalding, PE11 has a total of 9 addresses. According to our analysis of all the public data, 2, Morus Close, Spalding is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £92k more expensive than the average property in PE11.
The closest station to 2, Morus Close, Spalding is Spalding station which is 1.3 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Morus Close, Spalding, 60.4% of property is privately owned outright and 22.2% 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 2, Morus Close, Spalding, 14.3% of residents are recorded as possessing school level qualifications and 19.5% 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 2, Morus Close, Spalding, the average age was 42.5 and the most common age was 52.
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 2, Morus Close, Spalding, 2.1% 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 2, Morus Close, Spalding, there are an average of 1.2 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
