30, MAGELLAN DRIVE, SPILSBY, PE23 5FB - £172,300

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.

30 MAGELLAN DRIVE is a small detached house of 77m², built sometime between 2003 and 2006, which could now be worth an estimated £206,618. It was last sold for £172,300 in May 2021, which was around 28% below the average May 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

30 MAGELLAN DRIVE Sold Prices

Land registry data shows three sales for 30 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 30 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
2021 12 MAY	£172,300	£238,707	28% below HPI
2014 21 FEB	£133,800	£170,789	22% below HPI
2002 25 APR	£94,950	£99,217	4% below HPI

30 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 30 MAGELLAN DRIVE sales between April 2002 and May 2021 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 February 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 30 MAGELLAN DRIVE be worth now?

30 MAGELLAN DRIVE might now be worth an estimated £206,618.

This is based on house price inflation of 19.9%, between May 2021 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 19.9% inflationary increase is applied to the most recent sale price for 30 MAGELLAN DRIVE of £172,300 on 12th May 2021. For the value to have increased from £172,300 to £206,618 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 30 MAGELLAN DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2021 sale price of £172,300 represented a fair market value for the property.
• The size, condition, and specification of 30 MAGELLAN DRIVE has not materially changed since May 2021.

How Large is 30 MAGELLAN DRIVE?

30 MAGELLAN DRIVE is 77m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 30% of detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spilsby, and where 30 MAGELLAN DRIVE lies on this distribution: 23% of detached houses houses are smaller than 30 MAGELLAN DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

30 MAGELLAN DRIVE: Plot and Title Map

30 MAGELLAN DRIVE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 30 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 30 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 30 MAGELLAN DRIVE?

30 MAGELLAN DRIVE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 30 on MAGELLAN DRIVE.