12, TALBOT CLOSE, SPILSBY, PE23 5NW - £118,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 TALBOT CLOSE is a very small detached house of 49m², built sometime between 1996 and 2002. It was last sold for £118,000 in May 2004, which was around 25% below the average May 2004 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

12 TALBOT CLOSE Sold Prices

Land registry data shows two sales for 12 TALBOT 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 12 TALBOT 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
2004 13 MAY	£118,000	£158,254	25% below HPI
1999 15 SEP	£52,950	£69,473	24% below HPI

12 TALBOT 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 12 TALBOT CLOSE sales from September 1999 and May 2004 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 September 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2004 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 12 TALBOT CLOSE be worth now?

12 TALBOT CLOSE might now be worth an estimated £212,426.

This is based on house price inflation of 80%, between May 2004 and December 2024, 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 80% inflationary increase is applied to the most recent sale price for 12 TALBOT CLOSE of £118,000 on 13th May 2004. For the value to have increased from £118,000 to £212,426 over the nineteen years and five months to December 2024, the following assumptions must hold true:

• The value of 12 TALBOT CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2004 sale price of £118,000 represented a fair market value for the property.
• The size, condition, and specification of 12 TALBOT CLOSE has not materially changed since May 2004.

How Large is 12 TALBOT CLOSE?

12 TALBOT CLOSE is 49m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% 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 12 TALBOT CLOSE lies on this distribution: 1% of detached houses houses are smaller than 12 TALBOT CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

12 TALBOT CLOSE: Plot and Title Map

12 TALBOT CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 12 TALBOT 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 12 TALBOT 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 12 TALBOT CLOSE?

12 TALBOT CLOSE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 12 on TALBOT CLOSE.