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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, Needham Drive, Spalding is a modern freehold house with 1,528 ft2 of internal area.
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 2, Needham Drive, Spalding is £444,462 and the estimated rental value is £1,606 per month.
Needham Drive, Surfleet, Spalding, PE11 is located in the borough of South Holland within the PE11 postal district.
2, Needham Drive, Spalding has a single entry in the Land Registry from August 2023 and a single entry in the EPC database dated August 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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, Needham Drive, Spalding is in very good condition we estimate a sale value of £466,685 and a rental value of £1,687 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £413,349 and a rental value of £1,494 per month.
Over the last 12 months the sale value of 2 Needham Drive Spalding has decreased by an estimated £28,458 (6.4%) and its rental value has increased by an estimated £16 per month (1.0%), giving an expected gross yield of 4.3%.
2, Needham Drive, Spalding has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Aug 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
According to HM Land Registry, 2, Needham Drive, Spalding was last sold on 21st August 2023 for £455,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since August 2023, the market for similar properties has dropped 19.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Needham Drive, Spalding within a radius of 3.4 kilometres over the last 2 years.
The most recent example is 7, Needham Drive, Spalding, PE11 4FU, a freehold house which sold for £460,000 on the 28th November 2024.
Read more about house prices in PE11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Needham Drive, Surfleet, Spalding, PE11 has a total of 7 addresses. According to our analysis of all the public data, 2, Needham Drive, Spalding is the 2nd largest and the 5th most expensive property on the street.
When compared to the postcode district it is £226k more expensive than the average property in PE11.
The closest station to 2, Needham Drive, Spalding is Spalding station which is 5.9 kilometres away.
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, Needham Drive, Spalding, 49.4% of property is privately owned outright and 33.8% 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, Needham Drive, Spalding, 18.6% of residents are recorded as possessing school level qualifications and 22.1% 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, Needham Drive, Spalding, the average age was 46.3 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 2, Needham Drive, Spalding, 0.5% 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, Needham Drive, Spalding, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
