7, FRANKLIN WAY, SPILSBY, PE23 5GG - £137,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 FRANKLIN WAY is a small semi-detached house of 84m², built sometime between 2003 and 2006. It was last sold for £137,500 in November 2018, which was around 6% below the average November 2018 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2024, where the current energy rating was C, and the potential energy rating was B.

7 FRANKLIN WAY Sold Prices

Land registry data shows three sales for 7 FRANKLIN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. The three 7 FRANKLIN WAY sales were a mix of below the average price, and roughly equal to 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 16 NOV	£137,500	£145,711	6% below HPI
2007 16 NOV	£125,000	£128,232	3% below HPI
2004 29 OCT	£111,950	£111,503	Close to HPI

7 FRANKLIN WAY 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 three 7 FRANKLIN WAY sales between October 2004 and November 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 November 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2018 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 7 FRANKLIN WAY be worth now?

7 FRANKLIN WAY might now be worth an estimated £181,764.

This is based on house price inflation of 32.2%, between November 2018 and December 2024, 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 32.2% inflationary increase is applied to the most recent sale price for 7 FRANKLIN WAY of £137,500 on 16th November 2018. For the value to have increased from £137,500 to £181,764 over the five years and eleven months to December 2024, the following assumptions must hold true:

• The value of 7 FRANKLIN WAY has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The November 2018 sale price of £137,500 represented a fair market value for the property.
• The size, condition, and specification of 7 FRANKLIN WAY has not materially changed since November 2018.

How Large is 7 FRANKLIN WAY?

7 FRANKLIN WAY is 84m² according to the EPC inspection conducted in October 2024. This puts it in the smallest 40% of semi-detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Spilsby, and where 7 FRANKLIN WAY lies on this distribution: 31% of semi-detached houses houses are smaller than 7 FRANKLIN WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

7 FRANKLIN WAY: Plot and Title Map

7 FRANKLIN WAY sits on a plot of roughly 0.033 of an acre, or 135m². The below map shows the location of 7 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 7 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 7 FRANKLIN WAY?

7 FRANKLIN WAY is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 7 on FRANKLIN WAY.