18, MAGELLAN DRIVE, SPILSBY, PE23 5FB - £122,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

18 MAGELLAN DRIVE is a small semi-detached house of 79m², built sometime between 1996 and 2002. It was last sold for £122,000 in October 2016, which was around 37% below the average October 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

18 MAGELLAN DRIVE Sold Prices

Land registry data shows three sales for 18 MAGELLAN DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 18 MAGELLAN DRIVE 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
2016 31 OCT	£122,000	£192,862	37% below HPI
2011 27 JUN	£115,000	£164,399	30% below HPI
2001 2 NOV	£67,000	£89,507	25% below HPI

18 MAGELLAN DRIVE 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 three 18 MAGELLAN DRIVE sales between November 2001 and October 2016 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 June 2011 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2016 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 18 MAGELLAN DRIVE?

18 MAGELLAN DRIVE is 79m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 30% of detached houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses by size in Spilsby, and where 18 MAGELLAN DRIVE lies on this distribution: 27% of detached houses are smaller than 18 MAGELLAN DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

18 MAGELLAN DRIVE: Plot and Title Map

18 MAGELLAN DRIVE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 18 MAGELLAN DRIVE, 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 18 MAGELLAN DRIVE). 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 18 MAGELLAN DRIVE?

18 MAGELLAN DRIVE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 18 on MAGELLAN DRIVE.