FAIRFIELD, BOSTON ROAD, SPILSBY, PE23 5HD - £368,000

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.

FAIRFIELD is a very large detached house of 206m², built sometime between 1950 and 1966, which could now be worth an estimated £377,973. It was last sold for £368,000 in November 2023, which was around 32% above the average November 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

FAIRFIELD Sold Prices

Land registry data shows two sales for FAIRFIELD 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 FAIRFIELD 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
2023 22 NOV	£368,000	£278,699	32% above HPI
2014 18 JUL	£250,000	£177,094	41% above HPI

FAIRFIELD 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 FAIRFIELD sales from July 2014 and November 2023 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 2014 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the November 2023 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might FAIRFIELD be worth now?

FAIRFIELD might now be worth an estimated £377,973.

This is based on house price inflation of 2.7%, between November 2023 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 2.7% inflationary increase is applied to the most recent sale price for FAIRFIELD of £368,000 on 22nd November 2023. For the value to have increased from £368,000 to £377,973 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of FAIRFIELD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2023 sale price of £368,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRFIELD has not materially changed since November 2023.

How Large is FAIRFIELD?

FAIRFIELD is 206m² according to the EPC inspection conducted in October 2022. This puts it in the largest 10% of detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spilsby, and where FAIRFIELD lies on this distribution: 96% of detached houses houses are smaller than FAIRFIELD, and 4% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

FAIRFIELD: Plot and Title Map

FAIRFIELD sits on a plot of roughly 0.588 of an acre, or 2,379m². The below map shows the location of FAIRFIELD, 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 FAIRFIELD). 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 FAIRFIELD?

FAIRFIELD is located on BOSTON ROAD in SPILSBY, in the PE23 postcode district. The below map shows the position of FAIRFIELD on BOSTON ROAD.