HIGH BANKS, BOND HAYS LANE, HAGWORTHINGHAM, SPILSBY, PE23 4LH - £375,000

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

HIGH BANKS is a small extended detached house of 131m², built sometime before 1900. It was last sold for £375,000 in August 2021, which was around 54% above the average August 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was C.

HIGH BANKS Sold Prices

Land registry data shows three sales for HIGH BANKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three HIGH BANKS 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
2021 2 AUG	£375,000	£243,899	54% above HPI
2009 18 MAY	£225,000	£159,196	41% above HPI
1995 10 NOV	£66,000	£55,148	20% above HPI

HIGH BANKS 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 three HIGH BANKS sales between November 1995 and August 2021 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 May 2009 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the August 2021 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is HIGH BANKS?

HIGH BANKS is 131m², which includes three extensions, according to the EPC inspection conducted in May 2021. This puts it in the smallest 40% of detached houses in Hagworthingham, based on EPC data. The below chart shows the distribution of detached houses by size in Hagworthingham, and where HIGH BANKS lies on this distribution: 32% of detached houses are smaller than HIGH BANKS, and 68% of houses are larger. Note that EPC data is not available for all properties in Hagworthingham.

HIGH BANKS: Plot and Title Map

HIGH BANKS sits on a plot of roughly 0.409 of an acre, or 1,655m². The below map shows the location of HIGH BANKS, 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 HIGH BANKS). 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 HIGH BANKS?

HIGH BANKS is located on BOND HAYS LANE in HAGWORTHINGHAM, in the PE23 postcode district. The below map shows the position of HIGH BANKS on BOND HAYS LANE.