According to the public record, 55, Backgate, Spalding is a mid-century freehold house and with 699 ft2 of internal area and sits on a 454 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Backgate, Cowbit, Spalding, PE12 is located in the borough of South Holland within the PE12 postal district.
55, Backgate, Spalding has a single entry in the Land Registry database from June 2024 and 2 entries in the EPC database, most recently in November 2022.
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 55 Backgate Spalding as £226,279 and the rental value as £836 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 55 Backgate Spalding has increased by £1,696 (0.7%) and its rental value has increased by £5 per month (0.6%).
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 55, Backgate, Spalding is in very good condition we estimate a sale value of £237,593 and rental value of £878 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £210,439 and a rental value of £778 per month.
If you were able to purchase this property for the estimated value of £226,279, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,112 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, 55, Backgate, Spalding sits on a plot of 454m2.
We have plot size data on 52 out of 78 other houses in the postcode and 55, Backgate, Spalding sits on the 42nd largest plot.
According to HM Land Registry, 55, Backgate, Spalding was last sold on 28 Jun 2024 for £212,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2024, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Backgate, Spalding within a radius of 250m over the last 2 years.
The most recent example is 85A, Backgate, Spalding, PE12 6AP, a Freehold house which sold for £175,000 in Jul 2024.
Read more about house prices in PE12.
Backgate, Cowbit, Spalding, PE12 has a total of 81 addresses. According to our analysis of all the public data, 55, Backgate, Spalding is the 77th largest and the 76th most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in PE12.
55, Backgate, Spalding has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Nov 2022.
The property is not connected to mains gas and has fully triple glazed windows. It is heated using Room heaters, electric.
The closest station to 55, Backgate, Spalding is Spalding station which is 5.7 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 55, Backgate, 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 55, Backgate, 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 55, Backgate, 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 55, Backgate, 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 55, Backgate, 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.