25, LANCASTER CLOSE, GREAT STEEPING, SPILSBY, PE23 5HA - £59,950

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

25 LANCASTER CLOSE is a very small detached house of 57m², built sometime between 1996 and 2002. It was last sold for £59,950 in March 2000, which was around 17% below the average March 2000 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was A.

25 LANCASTER CLOSE Sold Prices

Land registry data shows two sales for 25 LANCASTER CLOSE 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 25 LANCASTER CLOSE 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
2000 9 MAR	£59,950	£72,210	17% below HPI
1999 14 JUL	£52,750	£67,601	22% below HPI

25 LANCASTER CLOSE 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 25 LANCASTER CLOSE sales from July 1999 and March 2000 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 July 1999 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2000 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 25 LANCASTER CLOSE?

25 LANCASTER CLOSE is 57m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 10% of detached houses in Great Steeping, based on EPC data. The below chart shows the distribution of detached houses by size in Great Steeping, and where 25 LANCASTER CLOSE lies on this distribution: 2% of detached houses are smaller than 25 LANCASTER CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

25 LANCASTER CLOSE: Plot and Title Map

25 LANCASTER CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 25 LANCASTER CLOSE, 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 25 LANCASTER CLOSE). 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 25 LANCASTER CLOSE?

25 LANCASTER CLOSE is located in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of No. 25 on LANCASTER CLOSE.