Flat 7, The Quay 56
Flat 7, The Quay 56
Description & Estimates
Flat 7, The Quay 56, Spalding is recorded publicly as a modern leasehold apartment across 419 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 7, The Quay 56, Spalding is £68,356 and its rental estimate is £398 per month, given the available information and assuming reasonable condition.
The Quay, Double Street is a residential building on Double Street, Spalding, PE11 and falls within the PE11 postal district and the borough of South Holland.
Our Data Sources
Flat 7, The Quay 56, Spalding has 31 entries in the Land Registry , most recently in March 2022 and a single entry in the EPC database dated January 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 7, The Quay 56, Spalding, we estimate a market value of £71,774 and a rental value of £418 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £63,571 and £370 per month respectively.
Recent Market Change
Over the last year, Flat 7, The Quay 56, Spalding has seen its estimated sale value move down by £1,814 (2.7%) and its estimated rental value increase by £16 per month (4.0%). This results in an estimated gross rental yield of 7.0%.
Energy Efficiency
Flat 7, The Quay 56, Spalding has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 Jan 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of Flat 7, The Quay 56, Spalding completed on 11th March 2022 at £60,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 12.0% over the period since March 2022.
- Sold Mar 2022£60,000
- Sold Feb 2003£49,000
- Sold Aug 2000£32,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 7, The Quay 56, Spalding have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th January 2025, was 63, Georgian Court, Spalding, PE11 2QT, a leasehold flat which sold for £64,000.
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 107 addresses on Double Street, Spalding, PE11, Flat 7, The Quay 56, Spalding comes out as the 81st largest and the 99th most expensive in our analysis of the public data.
It is also £152k less expensive than the average property across the PE11 district.
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Schools Nearby
- 900mSpalding Parish Church of England Day School
- 900mSt Norbert's Catholic Voluntary Academy
- 1.0kmSt Paul's Community Primary and Nursery School, Spalding
- 700mSpalding High School
- 700mSpalding Academy
- 700mSpalding Grammar School
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Public Transport Nearby
From Flat 7, The Quay 56, Spalding, the nearest station is Spalding, 700 metres away.
- 700mSpalding
- 20.3kmSwineshead
- 20.9kmHubberts 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.
