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

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

7 FRANKLIN WAY is a very small semi-detached house of 59m², built sometime between 2003 and 2006. It was last sold for £137,500 in November 2018, which was around 37% below the average November 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

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 detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 7 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
2018 16 NOV	£137,500	£217,913	37% below HPI
2007 16 NOV	£125,000	£188,186	34% below HPI
2004 29 OCT	£111,950	£167,136	33% below HPI

7 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 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 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 7 FRANKLIN WAY?

7 FRANKLIN WAY is 59m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 10% of detached houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses by size in Spilsby, and where 7 FRANKLIN WAY lies on this distribution: 5% of detached houses are smaller than 7 FRANKLIN WAY, and 95% 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.