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

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 small detached house of 88m², built sometime between 1996 and 2002, which could now be worth an estimated £239,360. It was last sold for £145,000 in August 2010, which was around 16% 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	£173,406	16% below HPI
2002 25 APR	£89,000	£99,217	10% 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2010 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might FAIRFIELD be worth now?

FAIRFIELD might now be worth an estimated £239,360.

This is based on house price inflation of 65.1%, between August 2010 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 65.1% inflationary increase is applied to the most recent sale price for FAIRFIELD of £145,000 on 4th August 2010. For the value to have increased from £145,000 to £239,360 over the fifteen years and six 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 August 2010 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRFIELD has not materially changed since August 2010.

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 houses in West Keal, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Keal, and where FAIRFIELD lies on this distribution: 27% of detached houses 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.