10, RESOLUTE CLOSE, SPILSBY, PE23 5LL - £175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

10 RESOLUTE CLOSE is a large detached house of 106m², built sometime between 2003 and 2006, which could now be worth an estimated £206,038. It was last sold for £175,000 in July 2021, which was around 28% below the average July 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

10 RESOLUTE CLOSE Sold Prices

Land registry data shows two sales for 10 RESOLUTE CLOSE 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 10 RESOLUTE 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
2021 23 JUL	£175,000	£243,130	28% below HPI
2002 8 APR	£23,000	£99,217	77% below HPI

10 RESOLUTE 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 two 10 RESOLUTE CLOSE sales from April 2002 and July 2021 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 2002 sale was for 77% below the HPI. So the extrapolation line tracks at 77% below the HPI over time, until the July 2021 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 10 RESOLUTE CLOSE be worth now?

10 RESOLUTE CLOSE might now be worth an estimated £206,038.

This is based on house price inflation of 17.7%, between July 2021 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.7% inflationary increase is applied to the most recent sale price for 10 RESOLUTE CLOSE of £175,000 on 23rd July 2021. For the value to have increased from £175,000 to £206,038 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 10 RESOLUTE CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2021 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 10 RESOLUTE CLOSE has not materially changed since July 2021.

How Large is 10 RESOLUTE CLOSE?

10 RESOLUTE CLOSE is 106m² according to the EPC inspection conducted in December 2020. This puts it in the largest 40% of detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spilsby, and where 10 RESOLUTE CLOSE lies on this distribution: 61% of detached houses houses are smaller than 10 RESOLUTE CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

10 RESOLUTE CLOSE: Plot and Title Map

10 RESOLUTE CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 10 RESOLUTE 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 10 RESOLUTE 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 10 RESOLUTE CLOSE?

10 RESOLUTE CLOSE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 10 on RESOLUTE CLOSE.