GREENGATE, FEN LANE, EAST KEAL, SPILSBY, PE23 4AY - £307,500

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

GREENGATE is a large extended detached house of 187m², built sometime before 1900. It was last sold for £307,500 in June 2010, which was around 81% above the average June 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was D.

GREENGATE Sold Prices

Land registry data shows two sales for GREENGATE 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 GREENGATE 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
2010 29 JUN	£307,500	£169,958	81% above HPI
2002 5 APR	£137,000	£97,792	40% above HPI

GREENGATE 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 GREENGATE sales from April 2002 and June 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 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the June 2010 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is GREENGATE?

GREENGATE is 187m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the largest 30% of detached houses in East Keal, based on EPC data. The below chart shows the distribution of detached houses by size in East Keal, and where GREENGATE lies on this distribution: 78% of detached houses are smaller than GREENGATE, and 22% of houses are larger. Note that EPC data is not available for all properties in East Keal.

GREENGATE: Plot and Title Map

GREENGATE sits on a plot of roughly 0.792 of an acre, or 3,204m². The below map shows the location of GREENGATE, 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 GREENGATE). 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 GREENGATE?

GREENGATE is located on FEN LANE in EAST KEAL, in the PE23 postcode district. The below map shows the position of GREENGATE on FEN LANE.