Flat 3, 30
Flat 3, 30
Description & Estimates
Flat 3, 30, Gore Lane, Spalding appears in the public record as a leasehold apartment.
We estimate it to be a period apartment with 636 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 3, 30, Gore Lane, Spalding is £65,872 and its rental estimate is £420 per month, given the available information and assuming reasonable condition.
30, Gore Lane is a residential building on Gore Lane, Spalding, PE11 and falls within the PE11 postal district and the borough of South Holland.
Our Data Sources
Flat 3, 30, Gore Lane, Spalding has a single entry in the Land Registry from January 2020 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.
Price Range & Condition
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 Flat 3, 30, Gore Lane, Spalding, we estimate a market value of £69,166 and a rental value of £441 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £61,261 and £391 per month respectively.
Recent Market Change
Over the last year, Flat 3, 30, Gore Lane, Spalding has seen its estimated sale value fall by £1,457 (2.2%) and its estimated rental value move up by £17 per month (4.0%). This results in an estimated gross rental yield of 7.7%.
Sold Prices
The most recent sale of Flat 3, 30, Gore Lane, Spalding completed on 17th January 2020 at £120,000 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 12.8% over the period since January 2020.
- Sold Jan 2020£120,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 3, 30, Gore Lane, Spalding have sold within a radius of 590 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st August 2024, was Flat 1, 30, Gore Lane, Spalding, PE11 1BN, a leasehold flat which sold for £120,000.
Read more about house prices in PE11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 18 addresses on Gore Lane, Spalding, PE11, Flat 3, 30, Gore Lane, Spalding comes out as the 7th largest and the 13th most expensive in our analysis of the public data.
It is also £155k less expensive than the average property across the PE11 district.
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Schools Nearby
- 600mSt Norbert's Catholic Voluntary Academy
- 900mSpalding Parish Church of England Day School
- 1.0kmThe Spalding St John the Baptist Church of England Primary School
- 400mSpalding Grammar School
- 800mSpalding High School
- 1.0kmSpalding Academy
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Public Transport Nearby
From Flat 3, 30, Gore Lane, Spalding, the nearest station is Spalding, 300 metres away.
- 300mSpalding
- 20.5kmSwineshead
- 21.2kmHubberts Bridge
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated medium, based on Environment Agency data.
