18, NEWTOWN, SPILSBY, PE23 5LE - £178,000

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.

18 NEWTOWN is a large extended detached house of 121m², built sometime before 1900, which could now be worth an estimated £198,758. It was last sold for £178,000 in October 2021, which was around 30% below the average October 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

18 NEWTOWN Sold Prices

Land registry data shows two sales for 18 NEWTOWN 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 18 NEWTOWN 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
2021 1 OCT	£178,000	£255,130	30% below HPI
2018 9 MAY	£85,000	£212,070	60% below HPI

18 NEWTOWN 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 18 NEWTOWN sales from May 2018 and October 2021 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 May 2018 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the October 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 18 NEWTOWN be worth now?

18 NEWTOWN might now be worth an estimated £198,758.

This is based on house price inflation of 11.7%, between October 2021 and March 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 11.7% inflationary increase is applied to the most recent sale price for 18 NEWTOWN of £178,000 on 1st October 2021. For the value to have increased from £178,000 to £198,758 over the four years and seven months to March 2025, the following assumptions must hold true:

• The value of 18 NEWTOWN has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2021 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of 18 NEWTOWN has not materially changed since October 2021.

How Large is 18 NEWTOWN?

18 NEWTOWN is 121m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 30% 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 18 NEWTOWN lies on this distribution: 73% of detached houses houses are smaller than 18 NEWTOWN, and 27% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

18 NEWTOWN: Plot and Title Map

18 NEWTOWN sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 18 NEWTOWN, 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 NEWTOWN). 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 NEWTOWN?

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