According to the public record, 16, Russell Drive, Spalding is a modern freehold house and with 1,722 ft2 of internal area and sits on a 390 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Russell Drive, Cowbit, Spalding, PE12 is located in the borough of South Holland within the PE12 postal district.
16, Russell Drive, Spalding has 31 entries in the Land Registry database, most recently in December 2009 and a single entry in the EPC database dated April 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Russell Drive Spalding as £380,312 and the rental value as £1,260 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 16 Russell Drive Spalding has increased by £1,197 (0.3%) and its rental value has increased by £2 per month (0.1%).
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 16, Russell Drive, Spalding is in very good condition we estimate a sale value of £399,327 and rental value of £1,323 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £353,690 and a rental value of £1,171 per month.
If you were able to purchase this property for the estimated value of £380,312, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,869 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 16, Russell Drive, Spalding sits on a plot of 390m2.
We have plot size data on 16 out of 21 other houses in the postcode and 16, Russell Drive, Spalding sits on the 8th largest plot.
According to HM Land Registry, 16, Russell Drive, Spalding was last sold on 04 Dec 2009 for £174,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Dec 2009, the market for similar properties has risen 69.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Russell Drive, Spalding within a radius of 126m over the last 2 years.
The most recent example is 5, St. Marys Gardens, Spalding, PE12 6XJ, a Freehold house which sold for £255,000 in Dec 2023.
Read more about house prices in PE12.
Russell Drive, Cowbit, Spalding, PE12 has a total of 21 addresses. According to our analysis of all the public data, 16, Russell Drive, Spalding is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £131k more expensive than the average property in PE12.
16, Russell Drive, Spalding has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Apr 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Russell Drive, Spalding is Spalding station which is 5.2 km 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 16, Russell Drive, Spalding, 51.5% of property is privately owned outright and 28.8% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 16, Russell Drive, Spalding, 16.5% of residents are recorded as possessing school level qualifications and 22.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Russell Drive, Spalding, the average age was 42.6 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 16, Russell Drive, Spalding, 1.2% 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 16, Russell Drive, Spalding, there are an average of 2.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.