5, 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

5 STEAPAS CLOSE is a midsized detached house of 86m², built sometime between 1996 and 2002. It was last sold for £245,000 in December 2021, which was around 6% below the average December 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2024, where the current energy rating was B, and the potential energy rating was A.

5 STEAPAS CLOSE Sold Prices

Land registry data shows two sales for 5 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. Both of the two 5 STEAPAS CLOSE 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 20 DEC	£245,000	£260,179	6% below HPI
2000 18 SEP	£71,500	£75,578	5% below HPI

5 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 5 STEAPAS CLOSE sales from September 2000 and December 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 September 2000 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 5 STEAPAS CLOSE?

5 STEAPAS CLOSE is 86m² according to the EPC inspection conducted in August 2024. This puts it in the smallest 50% 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 5 STEAPAS CLOSE lies on this distribution: 43% of detached houses are smaller than 5 STEAPAS CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

5 STEAPAS CLOSE: Plot and Title Map

5 STEAPAS CLOSE sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 5 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 5 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 5 STEAPAS CLOSE?

5 STEAPAS CLOSE is located in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of No. 5 on STEAPAS CLOSE.