According to the public record, 2, Bear Lane, Spalding is a mid-century freehold house and with 1,001 ft2 of internal area and sits on a 525 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Bear Lane, Pinchbeck, Spalding, PE11 is located in the borough of South Holland within the PE11 postal district.
2, Bear Lane, Spalding has 3 entries in the Land Registry database, most recently in March 2024 and 2 entries in the EPC database, most recently in January 2016.
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 2 Bear Lane Spalding as £236,083 and the rental value as £974 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 2 Bear Lane Spalding has increased by £2,401 (1.0%) and its rental value has increased by £8 per month (0.8%).
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, Bear Lane, Spalding is in very good condition we estimate a sale value of £247,887 and rental value of £1,023 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,557 and a rental value of £906 per month.
If you were able to purchase this property for the estimated value of £236,083, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,160 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, 2, Bear Lane, Spalding sits on a plot of 525m2.
We have plot size data on 8 out of 9 other houses in the postcode and 2, Bear Lane, Spalding sits on the 6th largest plot.
According to HM Land Registry, 2, Bear Lane, Spalding was last sold on 15 Mar 2024 for £240,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2024, the market for similar properties has risen 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Bear Lane, Spalding within a radius of 408m over the last 2 years.
The most recent example is 3, Westfield Drive, Spalding, PE11 3TW, a Freehold house which sold for £228,000 in Sep 2023.
Read more about house prices in PE11.
Bear Lane, Pinchbeck, Spalding, PE11 has a total of 12 addresses. According to our analysis of all the public data, 2, Bear Lane, Spalding is the 8th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in PE11.
2, Bear Lane, Spalding has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jan 2016.
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 2, Bear Lane, Spalding is Spalding station which is 3.2 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 2, Bear Lane, Spalding, 49.6% of property is privately owned outright and 25.2% 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 2, Bear Lane, Spalding, 17.9% of residents are recorded as possessing school level qualifications and 22.8% 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 2, Bear Lane, Spalding, the average age was 43.3 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, Bear Lane, Spalding, 2.5% 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, Bear Lane, Spalding, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.