CHESTNUT COTTAGE, FEN LANE, EAST KEAL, SPILSBY, PE23 4AY - £410,000

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

CHESTNUT COTTAGE is a midsized extended detached house of 153m², built sometime between 1900 and 1929. It was last sold for £410,000 in July 2018, which was around 89% above the average July 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was C.

CHESTNUT COTTAGE Sold Prices

Land registry data shows two sales for CHESTNUT 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 CHESTNUT 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
2018 31 JUL	£410,000	£217,358	89% above HPI
2016 11 APR	£376,000	£189,394	99% above HPI

CHESTNUT 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 CHESTNUT COTTAGE sales from April 2016 and July 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 April 2016 sale was for 99% above the HPI. So the extrapolation line tracks at 99% above the HPI over time, until the July 2018 sale, where it falls to 89% above the HPI. The line then continues to track at 89% above the HPI.

How Large is CHESTNUT COTTAGE?

CHESTNUT COTTAGE is 153m², which includes four extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 50% of detached houses in East Keal, based on EPC data. The below chart shows the distribution of detached houses by size in East Keal, and where CHESTNUT COTTAGE lies on this distribution: 59% of detached houses are smaller than CHESTNUT COTTAGE, and 41% of houses are larger. Note that EPC data is not available for all properties in East Keal.

CHESTNUT COTTAGE: Plot and Title Map

CHESTNUT COTTAGE sits on a plot of roughly 1.7 acres, or 6,690m². The below map shows the location of CHESTNUT 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 CHESTNUT 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 CHESTNUT COTTAGE?

CHESTNUT COTTAGE is located on FEN LANE in EAST KEAL, in the PE23 postcode district. The below map shows the position of CHESTNUT COTTAGE on FEN LANE.