1, BLACKSMITHS LANE, SPILSBY, PE23 5EZ - £124,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 BLACKSMITHS LANE is a small detached house of 81m², built sometime between 2003 and 2006. It was last sold for £124,000 in October 2018, which was around 43% below the average October 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

1 BLACKSMITHS LANE Sold Prices

Land registry data shows two sales for 1 BLACKSMITHS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 1 BLACKSMITHS LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 19 OCT	£124,000	£218,755	43% below HPI
2006 7 APR	£120,000	£174,566	31% below HPI

1 BLACKSMITHS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 1 BLACKSMITHS LANE sales from April 2006 and October 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2006 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2018 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 1 BLACKSMITHS LANE?

1 BLACKSMITHS LANE is 81m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% of detached houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses by size in Spilsby, and where 1 BLACKSMITHS LANE lies on this distribution: 29% of detached houses are smaller than 1 BLACKSMITHS LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

1 BLACKSMITHS LANE: Plot and Title Map

1 BLACKSMITHS LANE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 1 BLACKSMITHS LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 BLACKSMITHS LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 BLACKSMITHS LANE?

1 BLACKSMITHS LANE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 1 on BLACKSMITHS LANE.