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

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

18 NEWTOWN is a large extended detached house of 121m², built sometime before 1900. It was last sold for £178,000 in October 2021, which was around 29% 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	£251,466	29% below HPI
2018 9 MAY	£85,000	£209,025	59% 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 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the October 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

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 in Spilsby, based on EPC data. The below chart shows the distribution of detached houses by size in Spilsby, and where 18 NEWTOWN lies on this distribution: 72% of detached 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.