FIVE, HAGNABY LANE, KEAL COTES, SPILSBY, PE23 4AL - £182,500

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.

FIVE is a very small detached house of 54m², built sometime between 1967 and 1975, which could now be worth an estimated £188,539. It was last sold for £182,500 in May 2024, which was around 34% below the average May 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

FIVE Sold Prices

Land registry data shows two sales for FIVE 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 FIVE 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
2024 3 MAY	£182,500	£277,083	34% below HPI
2017 20 JUL	£159,950	£209,516	24% below HPI

FIVE 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 FIVE sales from July 2017 and May 2024 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 2017 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2024 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might FIVE be worth now?

FIVE might now be worth an estimated £188,539.

This is based on house price inflation of 3.3%, between May 2024 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 3.3% inflationary increase is applied to the most recent sale price for FIVE of £182,500 on 3rd May 2024. For the value to have increased from £182,500 to £188,539 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of FIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2024 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of FIVE has not materially changed since May 2024.

How Large is FIVE?

FIVE is 54m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% of detached houses houses in Keal Cotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Keal Cotes, and where FIVE lies on this distribution: 3% of detached houses houses are smaller than FIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Keal Cotes.

FIVE: Plot and Title Map

FIVE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of FIVE, 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 FIVE). 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 FIVE?

FIVE is located on HAGNABY LANE in KEAL COTES, in the PE23 postcode district. The below map shows the position of FIVE on HAGNABY LANE.