7, TALBOT CLOSE, SPILSBY, PE23 5NW - £57,950

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.

7 TALBOT CLOSE is a very small semi-detached house of 56m², built sometime between 1996 and 2002, which could now be worth an estimated £188,554. It was last sold for £57,950 in March 2002, which was around 2% below the average March 2002 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

7 TALBOT CLOSE Sold Prices

Land registry data shows two sales for 7 TALBOT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. One of the two 7 TALBOT CLOSE sales was for below the average price, whilst the other was for above 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
2002 26 MAR	£57,950	£59,299	2% below HPI
1999 4 JUN	£43,950	£42,739	3% above HPI

7 TALBOT CLOSE 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 two 7 TALBOT CLOSE sales from June 1999 and March 2002 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 June 1999 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the March 2002 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 7 TALBOT CLOSE be worth now?

7 TALBOT CLOSE might now be worth an estimated £188,554.

This is based on house price inflation of 225.4%, between March 2002 and February 2025, 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 225.4% inflationary increase is applied to the most recent sale price for 7 TALBOT CLOSE of £57,950 on 26th March 2002. For the value to have increased from £57,950 to £188,554 over the 23 years and one month to February 2025, the following assumptions must hold true:

• The value of 7 TALBOT CLOSE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The March 2002 sale price of £57,950 represented a fair market value for the property.
• The size, condition, and specification of 7 TALBOT CLOSE has not materially changed since March 2002.

How Large is 7 TALBOT CLOSE?

7 TALBOT CLOSE is 56m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% 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 TALBOT CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 7 TALBOT CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

7 TALBOT CLOSE: Plot and Title Map

7 TALBOT CLOSE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 7 TALBOT 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 7 TALBOT 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 7 TALBOT CLOSE?

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