3, MAIN ROAD, WEST KEAL, SPILSBY, PE23 4BE - £120,000

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

3 MAIN ROAD is a small extended detached house of 96m², built sometime between 1967 and 1975. It was last sold for £120,000 in November 2011, which was around 27% below the average November 2011 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

3 MAIN ROAD Sold Prices

Land registry data shows two sales for 3 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. One of the two 3 MAIN ROAD sales was for below the average price, whilst the other was for above 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
2011 28 NOV	£120,000	£164,467	27% below HPI
2000 7 DEC	£90,000	£76,936	17% above HPI

3 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 3 MAIN ROAD sales from December 2000 and November 2011 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 December 2000 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2011 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 3 MAIN ROAD?

3 MAIN ROAD is 96m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% of detached houses in West Keal, based on EPC data. The below chart shows the distribution of detached houses by size in West Keal, and where 3 MAIN ROAD lies on this distribution: 32% of detached houses are smaller than 3 MAIN ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in West Keal.

3 MAIN ROAD: Plot and Title Map

3 MAIN ROAD sits on a plot of roughly 0.763 of an acre, or 3,090m². The below map shows the location of 3 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 3 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 3 MAIN ROAD?

3 MAIN ROAD is located in WEST KEAL, in the PE23 postcode district. The below map shows the position of No. 3 on MAIN ROAD.