CHAPEL COTTAGE, FIRSBY, SPILSBY, PE23 5QJ - £87,500

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.

CHAPEL COTTAGE is a very small extended detached house of 68m², built sometime before 1900, which could now be worth an estimated £141,755. It was last sold for £87,500 in January 2015, which was around 50% below the average January 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

CHAPEL COTTAGE Sold Prices

Land registry data shows two sales for CHAPEL COTTAGE 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 CHAPEL COTTAGE 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
2015 12 JAN	£87,500	£176,692	50% below HPI
2007 4 SEP	£120,000	£194,055	38% below HPI

CHAPEL COTTAGE 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 CHAPEL COTTAGE sales from September 2007 and January 2015 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 2007 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the January 2015 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might CHAPEL COTTAGE be worth now?

CHAPEL COTTAGE might now be worth an estimated £141,755.

This is based on house price inflation of 62%, between January 2015 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 62% inflationary increase is applied to the most recent sale price for CHAPEL COTTAGE of £87,500 on 12th January 2015. For the value to have increased from £87,500 to £141,755 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of CHAPEL COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2015 sale price of £87,500 represented a fair market value for the property.
• The size, condition, and specification of CHAPEL COTTAGE has not materially changed since January 2015.

How Large is CHAPEL COTTAGE?

CHAPEL COTTAGE is 68m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of detached houses houses in Firsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Firsby, and where CHAPEL COTTAGE lies on this distribution: 2% of detached houses houses are smaller than CHAPEL COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Firsby.

CHAPEL COTTAGE: Plot and Title Map

CHAPEL COTTAGE sits on a plot of roughly 0.183 of an acre, or 742m². The below map shows the location of CHAPEL COTTAGE, 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 CHAPEL COTTAGE). 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 CHAPEL COTTAGE?

CHAPEL COTTAGE is located in FIRSBY, in the PE23 postcode district. The below map shows the position of CHAPEL COTTAGE in FIRSBY.