CORKSCREW COTTAGE, BLACKSMITH LANE, EAST KEAL, SPILSBY, PE23 4AZ - £165,000

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.

CORKSCREW COTTAGE is a small extended detached house of 93m², built sometime before 1900, which could now be worth an estimated £220,377. It was last sold for £165,000 in August 2017, which was around 23% below the average August 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2017, where the current energy rating was F, and the potential energy rating was C.

CORKSCREW COTTAGE Sold Prices

Land registry data shows three sales for CORKSCREW COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three CORKSCREW 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
2017 10 AUG	£165,000	£214,322	23% below HPI
2013 10 MAY	£124,350	£173,106	28% below HPI
1998 7 OCT	£53,000	£65,491	19% below HPI

CORKSCREW 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 three CORKSCREW COTTAGE sales between October 1998 and August 2017 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 May 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2017 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might CORKSCREW COTTAGE be worth now?

CORKSCREW COTTAGE might now be worth an estimated £220,377.

This is based on house price inflation of 33.6%, between August 2017 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 33.6% inflationary increase is applied to the most recent sale price for CORKSCREW COTTAGE of £165,000 on 10th August 2017. For the value to have increased from £165,000 to £220,377 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of CORKSCREW COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2017 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of CORKSCREW COTTAGE has not materially changed since August 2017.

How Large is CORKSCREW COTTAGE?

CORKSCREW COTTAGE is 93m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the smallest 30% of detached houses houses in East Keal, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Keal, and where CORKSCREW COTTAGE lies on this distribution: 21% of detached houses houses are smaller than CORKSCREW COTTAGE, and 79% of houses are larger. Note that EPC data is not available for all properties in East Keal.

CORKSCREW COTTAGE: Plot and Title Map

CORKSCREW COTTAGE sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of CORKSCREW 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 CORKSCREW 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 CORKSCREW COTTAGE?

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