2, MAIN ROAD, WEST KEAL, SPILSBY, PE23 4BE - £187,500

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.

2 MAIN ROAD is a very small extended detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £184,644. It was last sold for £187,500 in December 2024, which was around 35% below the average December 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was C.

2 MAIN ROAD Sold Prices

Land registry data shows two sales for 2 MAIN ROAD 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 2 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
2024 11 DEC	£187,500	£290,680	35% below HPI
2007 23 MAR	£114,000	£185,683	39% below HPI

2 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 two 2 MAIN ROAD sales from March 2007 and December 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 March 2007 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2024 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 2 MAIN ROAD be worth now?

2 MAIN ROAD might now be worth an estimated £184,644.

This is based on house price deflation of 1.5%, between December 2024 and February 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 1.5% deflationary decrease is applied to the most recent sale price for 2 MAIN ROAD of £187,500 on 11th December 2024. For the value to have decreased from £187,500 to £184,644 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of 2 MAIN ROAD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2024 sale price of £187,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MAIN ROAD has not materially changed since December 2024.

How Large is 2 MAIN ROAD?

2 MAIN ROAD is 85m², which includes two extensions, according to the EPC inspection conducted in May 2024. This puts it in the smallest 20% of detached houses houses in West Keal, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Keal, and where 2 MAIN ROAD lies on this distribution: 20% of detached houses houses are smaller than 2 MAIN ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in West Keal.

2 MAIN ROAD: Plot and Title Map

2 MAIN ROAD sits on a plot of roughly 0.154 of an acre, or 624m². The below map shows the location of 2 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 2 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 2 MAIN ROAD?

2 MAIN ROAD is located in WEST KEAL, in the PE23 postcode district. The below map shows the position of No. 2 on MAIN ROAD.