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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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Public records show 8, Defoe Lane, Spalding to be a modern freehold house with 882 ft2 of internal area, sitting on a 215 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
8, Defoe Lane, Spalding has an estimated sale value of £186,790 and an estimated rental value of £1,021 per month, assuming reasonable condition and based on the information available.
Defoe Lane, Spalding, PE11 lies in the borough of South Holland, within the PE11 postal district.
8, Defoe Lane, Spalding has a single entry in the Land Registry from January 2021 and a single entry in the EPC database dated January 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
In very good condition, we estimate 8, Defoe Lane, Spalding would be worth £196,130, with a potential rental value of £1,072 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £173,715, with a rental value of £950 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 8, Defoe Lane, Spalding has decreased by £6,766 (3.6%) over the last year. During the same period, its estimated monthly rental value has grown by £31 (3.0%). The property's estimated gross yield is currently 6.6%.
8, Defoe Lane, Spalding occupies a 215 m2 plot as recorded by HM Land Registry.
All 10 other houses in this postcode have recorded plot sizes, and this one ranks as the 3rd largest.
8, Defoe Lane, Spalding has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Jan 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
8, Defoe Lane, Spalding last changed hands on 22nd January 2021, selling for £182,995. 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 risen by 11.7% since January 2021.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 750 metres of 8, Defoe Lane, Spalding across the last 2 years.
Most recently, 7, Faulkner Drive, Spalding, PE11 1YJ, a freehold house, sold at £194,995 on the 24th February 2022.
Read more about house prices in PE11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 8, Defoe Lane, Spalding as the 6th largest and the 6th most expensive of the 12 addresses on Defoe Lane, Spalding, PE11.
Against the PE11 postcode district average, it is £34k less expensive than the typical property.
Spalding station is the nearest stop to 8, Defoe Lane, Spalding at 1.7 kilometres away.
Environment Agency data suggests this area has a medium risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Defoe Lane, Spalding, 35.3% of property is privately owned with a mortgage and 33.2% is privately rented.
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 8, Defoe Lane, Spalding, 18.3% of residents are recorded as possessing school level qualifications and 24.8% 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 8, Defoe Lane, 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 8, Defoe Lane, Spalding, 0.2% 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 8, Defoe 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.
