CHAPEL COTTAGE, LITTLE STEEPING, SPILSBY, PE23 5BL - £310,000

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 midsized extended detached house of 133m², built sometime before 1900, which could now be worth an estimated £392,900. It was last sold for £310,000 in September 2020, which was around 37% above the average September 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2024, where the current energy rating was E, and the potential energy rating was C.

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 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
2020 30 SEP	£310,000	£225,854	37% above HPI
2010 13 JUL	£185,000	£170,651	8% above 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 July 2010 and September 2020 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 July 2010 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2020 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might CHAPEL COTTAGE be worth now?

CHAPEL COTTAGE might now be worth an estimated £392,900.

This is based on house price inflation of 26.7%, between September 2020 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 26.7% inflationary increase is applied to the most recent sale price for CHAPEL COTTAGE of £310,000 on 30th September 2020. For the value to have increased from £310,000 to £392,900 over the five years and seven 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 September 2020 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of CHAPEL COTTAGE has not materially changed since September 2020.

How Large is CHAPEL COTTAGE?

CHAPEL COTTAGE is 133m², which includes two extensions, according to the EPC inspection conducted in January 2024. This puts it in the largest 50% of detached houses houses in Little Steeping, based on EPC data. The below chart shows the distribution of detached houses houses by size in Little Steeping, and where CHAPEL COTTAGE lies on this distribution: 51% of detached houses houses are smaller than CHAPEL COTTAGE, and 46% of houses are larger. Note that EPC data is not available for all properties in Little Steeping.

CHAPEL COTTAGE: Plot and Title Map

CHAPEL COTTAGE sits on a plot of roughly 0.183 of an acre, or 741m². 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 LITTLE STEEPING, in the PE23 postcode district. The below map shows the position of CHAPEL COTTAGE in LITTLE STEEPING.