5, FRANKLIN WAY, SPILSBY, PE23 5GG - £125,000

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.

5 FRANKLIN WAY is a small detached house of 84m², built sometime between 2003 and 2006, which could now be worth an estimated £214,435. It was last sold for £125,000 in November 2011, which was around 25% below the average November 2011 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

5 FRANKLIN WAY Sold Prices

Land registry data shows four sales for 5 FRANKLIN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 5 FRANKLIN WAY 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
2011 7 NOV	£125,000	£166,864	25% below HPI
2007 16 MAR	£131,000	£185,683	29% below HPI
2006 7 MAR	£125,500	£170,812	27% below HPI
2004 26 OCT	£113,950	£169,571	33% below HPI

5 FRANKLIN WAY 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 four 5 FRANKLIN WAY sales between October 2004 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 March 2007 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2011 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 5 FRANKLIN WAY be worth now?

5 FRANKLIN WAY might now be worth an estimated £214,435.

This is based on house price inflation of 71.5%, between November 2011 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 71.5% inflationary increase is applied to the most recent sale price for 5 FRANKLIN WAY of £125,000 on 7th November 2011. For the value to have increased from £125,000 to £214,435 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 FRANKLIN WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2011 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FRANKLIN WAY has not materially changed since November 2011.

How Large is 5 FRANKLIN WAY?

5 FRANKLIN WAY is 84m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 40% 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 5 FRANKLIN WAY lies on this distribution: 31% of detached houses houses are smaller than 5 FRANKLIN WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

5 FRANKLIN WAY: Plot and Title Map

5 FRANKLIN WAY sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 5 FRANKLIN WAY, 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 5 FRANKLIN WAY). 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 5 FRANKLIN WAY?

5 FRANKLIN WAY is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 5 on FRANKLIN WAY.