27, MAGELLAN DRIVE, SPILSBY, PE23 5FB - £132,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

27 MAGELLAN DRIVE is a very small detached house of 73m², built sometime between 1991 and 1995. It was last sold for £132,000 in June 2014, which was around 24% below the average June 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

27 MAGELLAN DRIVE Sold Prices

Land registry data shows three sales for 27 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 27 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
2014 16 JUN	£132,000	£174,182	24% below HPI
2003 19 JUN	£98,000	£133,913	27% below HPI
2001 6 APR	£67,950	£78,743	14% below HPI

27 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 27 MAGELLAN DRIVE sales between April 2001 and June 2014 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 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2014 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 27 MAGELLAN DRIVE?

27 MAGELLAN DRIVE is 73m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 20% of detached houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses by size in Spilsby, and where 27 MAGELLAN DRIVE lies on this distribution: 18% of detached houses are smaller than 27 MAGELLAN DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

27 MAGELLAN DRIVE: Plot and Title Map

27 MAGELLAN DRIVE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 27 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 27 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 27 MAGELLAN DRIVE?

27 MAGELLAN DRIVE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 27 on MAGELLAN DRIVE.