FAIRFIELD, HALL LANE, WEST KEAL, SPILSBY, PE23 4BJ - £145,000

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 small detached house of 88m², built sometime between 1996 and 2002. It was last sold for £145,000 in August 2010, which was around 15% below the average August 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2010, 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 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
2010 4 AUG	£145,000	£170,916	15% below HPI
2002 25 APR	£89,000	£97,792	9% below 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 April 2002 and August 2010 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 2002 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2010 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is FAIRFIELD?

FAIRFIELD is 88m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 30% of detached houses in West Keal, based on EPC data. The below chart shows the distribution of detached houses by size in West Keal, and where FAIRFIELD lies on this distribution: 27% of detached houses are smaller than FAIRFIELD, and 73% of houses are larger. Note that EPC data is not available for all properties in West Keal.

FAIRFIELD: Plot and Title Map

FAIRFIELD sits on a plot of roughly 0.114 of an acre, or 460m². 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 HALL LANE in WEST KEAL, in the PE23 postcode district. The below map shows the position of FAIRFIELD on HALL LANE.