3, THORPE BANK, LITTLE STEEPING, SPILSBY, PE23 5BG - £160,000

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.

3 THORPE BANK is a very small extended semi-detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £211,292. It was last sold for £160,000 in July 2020, which was around 10% above the average July 2020 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

3 THORPE BANK Sold Prices

Land registry data shows two sales for 3 THORPE BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 3 THORPE BANK sales were 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
2020 10 JUL	£160,000	£146,105	10% above HPI
2011 2 SEP	£122,000	£113,883	7% above HPI

3 THORPE BANK Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 3 THORPE BANK sales from September 2011 and July 2020 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 September 2011 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the July 2020 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 3 THORPE BANK be worth now?

3 THORPE BANK might now be worth an estimated £211,292.

This is based on house price inflation of 32.1%, between July 2020 and February 2025, for semi-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 32.1% inflationary increase is applied to the most recent sale price for 3 THORPE BANK of £160,000 on 10th July 2020. For the value to have increased from £160,000 to £211,292 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 3 THORPE BANK has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The July 2020 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THORPE BANK has not materially changed since July 2020.

How Large is 3 THORPE BANK?

3 THORPE BANK is 91m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of semi-detached houses houses in Little Steeping, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Little Steeping, and where 3 THORPE BANK lies on this distribution: 8% of semi-detached houses houses are smaller than 3 THORPE BANK, and 89% of houses are larger. Note that EPC data is not available for all properties in Little Steeping.

3 THORPE BANK: Plot and Title Map

3 THORPE BANK sits on a plot of roughly 0.193 of an acre, or 781m². The below map shows the location of 3 THORPE BANK, 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 THORPE BANK). 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 THORPE BANK?

3 THORPE BANK is located in LITTLE STEEPING, in the PE23 postcode district. The below map shows the position of No. 3 on THORPE BANK.