16, POST OFFICE LANE, SPILSBY, PE23 5LQ - £270,000

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 POST OFFICE LANE is a midsized extended detached house of 103m², built sometime between 1950 and 1966. It was last sold for £270,000 in January 2024, which was around 2% below the average January 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

16 POST OFFICE LANE Sold Prices

Land registry data shows two sales for 16 POST OFFICE 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 16 POST OFFICE 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
2024 4 JAN	£270,000	£276,777	2% below HPI
1997 15 OCT	£44,000	£62,257	29% below HPI

16 POST OFFICE 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 16 POST OFFICE LANE sales from October 1997 and January 2024 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 1997 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2024 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 16 POST OFFICE LANE be worth now?

16 POST OFFICE LANE might now be worth an estimated £277,916.

This is based on house price inflation of 2.9%, between January 2024 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 2.9% inflationary increase is applied to the most recent sale price for 16 POST OFFICE LANE of £270,000 on 4th January 2024. For the value to have increased from £270,000 to £277,916 over the one month to December 2024, the following assumptions must hold true:

• The value of 16 POST OFFICE LANE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2024 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 16 POST OFFICE LANE has not materially changed since January 2024.

How Large is 16 POST OFFICE LANE?

16 POST OFFICE LANE is 103m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the largest 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 POST OFFICE LANE lies on this distribution: 58% of detached houses houses are smaller than 16 POST OFFICE LANE, and 41% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

16 POST OFFICE LANE: Plot and Title Map

16 POST OFFICE LANE sits on a plot of roughly 0.231 of an acre, or 934m². The below map shows the location of 16 POST OFFICE 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 16 POST OFFICE 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 16 POST OFFICE LANE?

16 POST OFFICE LANE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 16 on POST OFFICE LANE.