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

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

FAIRFIELD is a very large detached house of 206m², built sometime between 1950 and 1966. It was last sold for £368,000 in November 2023, which was around 34% 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	£275,385	34% above HPI
2014 18 JUL	£250,000	£174,550	43% 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 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the November 2023 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

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 in Spilsby, based on EPC data. The below chart shows the distribution of detached houses by size in Spilsby, and where FAIRFIELD lies on this distribution: 96% of detached 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.