4, STEAPAS CLOSE, GREAT STEEPING, SPILSBY, PE23 5PQ - £245,000

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

4 STEAPAS CLOSE is a large extended detached house of 121m², built sometime between 1996 and 2002. It was last sold for £245,000 in September 2018, which was around 10% above the average September 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2009, where the current energy rating was D, and the potential energy rating was D.

4 STEAPAS CLOSE Sold Prices

Land registry data shows two sales for 4 STEAPAS 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. One of the two 4 STEAPAS CLOSE sales was for above the average price, whilst the other was 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
2018 11 SEP	£245,000	£222,708	10% above HPI
2012 25 OCT	£150,000	£160,599	7% below HPI

4 STEAPAS 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 4 STEAPAS CLOSE sales from October 2012 and September 2018 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 October 2012 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2018 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 4 STEAPAS CLOSE?

4 STEAPAS CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in December 2009. This puts it in the largest 30% 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 4 STEAPAS CLOSE lies on this distribution: 72% of detached houses are smaller than 4 STEAPAS CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

4 STEAPAS CLOSE: Plot and Title Map

4 STEAPAS CLOSE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 4 STEAPAS 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 4 STEAPAS 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 4 STEAPAS CLOSE?

4 STEAPAS CLOSE is located in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of No. 4 on STEAPAS CLOSE.