15, MASONIC LANE, SPILSBY, PE23 5LR - £210,000

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.

15 MASONIC LANE is a large extended detached house of 107m², built sometime between 1900 and 1929, which could now be worth an estimated £263,413. It was last sold for £210,000 in October 2019, which was around 8% below the average October 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

15 MASONIC LANE Sold Prices

Land registry data shows two sales for 15 MASONIC 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 15 MASONIC 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
2019 23 OCT	£210,000	£228,208	8% below HPI
2016 21 OCT	£158,500	£195,672	19% below HPI

15 MASONIC 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 15 MASONIC LANE sales from October 2016 and October 2019 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 October 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 15 MASONIC LANE be worth now?

15 MASONIC LANE might now be worth an estimated £263,413.

This is based on house price inflation of 25.4%, between October 2019 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 25.4% inflationary increase is applied to the most recent sale price for 15 MASONIC LANE of £210,000 on 23rd October 2019. For the value to have increased from £210,000 to £263,413 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 15 MASONIC LANE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2019 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MASONIC LANE has not materially changed since October 2019.

How Large is 15 MASONIC LANE?

15 MASONIC LANE is 107m², which includes one extension, according to the EPC inspection conducted in August 2016. 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 15 MASONIC LANE lies on this distribution: 62% of detached houses houses are smaller than 15 MASONIC LANE, and 38% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

15 MASONIC LANE: Plot and Title Map

15 MASONIC LANE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 15 MASONIC 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 15 MASONIC 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 15 MASONIC LANE?

15 MASONIC LANE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 15 on MASONIC LANE.