1, LANCASTER CLOSE, GREAT STEEPING, SPILSBY, PE23 5HA - £219,000

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 LANCASTER CLOSE is a very small detached house of 71m², built sometime between 1983 and 1990. It was last sold for £219,000 in December 2023, which was around 20% below the average December 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was B.

1 LANCASTER CLOSE Sold Prices

Land registry data shows three sales for 1 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 1 LANCASTER CLOSE 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
2023 1 DEC	£219,000	£274,269	20% below HPI
1997 21 FEB	£47,500	£56,298	16% below HPI
1995 16 AUG	£52,000	£54,665	5% below HPI

1 LANCASTER CLOSE 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 three 1 LANCASTER CLOSE sales between August 1995 and December 2023 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 February 1997 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2023 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 1 LANCASTER CLOSE?

1 LANCASTER CLOSE is 71m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 20% of detached houses in Great Steeping, based on EPC data. The below chart shows the distribution of detached houses by size in Great Steeping, and where 1 LANCASTER CLOSE lies on this distribution: 17% of detached houses are smaller than 1 LANCASTER CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

1 LANCASTER CLOSE: Plot and Title Map

1 LANCASTER CLOSE sits on a plot of roughly 0.130 of an acre, or 525m². The below map shows the location of 1 LANCASTER CLOSE, 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 LANCASTER CLOSE). 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 LANCASTER CLOSE?

1 LANCASTER CLOSE is located in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of No. 1 on LANCASTER CLOSE.