According to the public record, 71, Cornfields, Spalding is a modern leasehold apartment and with 610 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cornfields, Holbeach, Spalding, PE12 is located in the borough of South Holland within the PE12 postal district.
71, Cornfields, Spalding has 31 entries in the Land Registry database, most recently in December 2015 and 2 entries in the EPC database, most recently in January 2011.
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 71 Cornfields Spalding as £104,088 and the rental value as £512 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 71 Cornfields Spalding has increased by £5,462 (5.2%) and its rental value has increased by £19 per month (3.8%).
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 71, Cornfields, Spalding is in very good condition we estimate a sale value of £109,293 and rental value of £538 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £96,802 and a rental value of £476 per month.
If you were able to purchase this property for the estimated value of £104,088, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £512 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 HM Land Registry, 71, Cornfields, Spalding was last sold on 11 Dec 2015 for £72,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2015, the market for similar properties has risen 36.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Cornfields, Spalding within a radius of 332m over the last 2 years.
The most recent example is 1, The Hollies, Spalding, PE12 7JQ, a Leasehold flat which sold for £90,000 in Mar 2023.
Read more about house prices in PE12.
Cornfields, Holbeach, Spalding, PE12 has a total of 54 addresses. According to our analysis of all the public data, 71, Cornfields, Spalding is the 33rd largest and the 50th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in PE12.
71, Cornfields, Spalding has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jan 2011.
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 71, Cornfields, Spalding is Spalding station which is 12.3 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 71, Cornfields, Spalding, 39.4% of property is privately owned with a mortgage and 25.4% is privately owned outright.
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 71, Cornfields, Spalding, 18.8% of residents are recorded as possessing school level qualifications and 13.7% 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 71, Cornfields, Spalding, the average age was 44.5 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 71, Cornfields, Spalding, 0.0% 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 71, Cornfields, Spalding, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.