16, MAIN ROAD, HUNDLEBY, SPILSBY, PE23 5LS - £195,000

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

16 MAIN ROAD is a midsized extended detached house of 96m², built sometime before 1900. It was last sold for £195,000 in July 2023, which was around 30% below the average July 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.

16 MAIN ROAD Sold Prices

Land registry data shows four sales for 16 MAIN ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 16 MAIN ROAD 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 3 JUL	£195,000	£279,040	30% below HPI
2003 9 SEP	£135,000	£135,930	1% below HPI
2002 17 OCT	£99,500	£116,353	14% below HPI
1998 28 AUG	£50,500	£65,327	23% below HPI

16 MAIN ROAD 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 four 16 MAIN ROAD sales between August 1998 and July 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 September 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 16 MAIN ROAD be worth now?

16 MAIN ROAD might now be worth an estimated £199,090.

This is based on house price inflation of 2.1%, between July 2023 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 2.1% inflationary increase is applied to the most recent sale price for 16 MAIN ROAD of £195,000 on 3rd July 2023. For the value to have increased from £195,000 to £199,090 over the seven months to December 2024, the following assumptions must hold true:

• The value of 16 MAIN ROAD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2023 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MAIN ROAD has not materially changed since July 2023.

How Large is 16 MAIN ROAD?

16 MAIN ROAD is 96m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 50% 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 16 MAIN ROAD lies on this distribution: 47% of detached houses houses are smaller than 16 MAIN ROAD, and 51% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

16 MAIN ROAD: Plot and Title Map

16 MAIN ROAD sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 16 MAIN ROAD, 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 16 MAIN ROAD). 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 16 MAIN ROAD?

16 MAIN ROAD is located in HUNDLEBY, in the PE23 postcode district. The below map shows the position of No. 16 on MAIN ROAD.