CLOVELLY, SCHOOL LANE, GREAT STEEPING, SPILSBY, PE23 5PU - £215,000

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

CLOVELLY is a large extended detached house of 107m², built sometime between 1983 and 1990. It was last sold for £215,000 in November 2020, which was around 6% below the average November 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

CLOVELLY Sold Prices

Land registry data shows two sales for CLOVELLY 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 CLOVELLY 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
2020 2 NOV	£215,000	£229,635	6% below HPI
2012 16 JUL	£100,000	£162,579	38% below HPI

CLOVELLY 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 CLOVELLY sales from July 2012 and November 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 2012 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2020 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is CLOVELLY?

CLOVELLY is 107m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the largest 40% of detached houses in Great Steeping, based on EPC data. The below chart shows the distribution of detached houses by size in Great Steeping, and where CLOVELLY lies on this distribution: 61% of detached houses are smaller than CLOVELLY, and 39% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

CLOVELLY: Plot and Title Map

CLOVELLY sits on a plot of roughly 0.157 of an acre, or 637m². The below map shows the location of CLOVELLY, 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 CLOVELLY). 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 CLOVELLY?

CLOVELLY is located on SCHOOL LANE in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of CLOVELLY on SCHOOL LANE.