HOLLY LODGE, HAGNABY LANE, KEAL COTES, SPILSBY, PE23 4AL - £318,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HOLLY LODGE is a large detached house of 164m², built sometime before 1900, which could now be worth an estimated £412,108. It was last sold for £318,000 in May 2019, which was around 45% above the average May 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was C.

HOLLY LODGE Sold Prices

Land registry data shows six sales for HOLLY LODGE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the six HOLLY LODGE 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
2019 31 MAY	£318,000	£219,835	45% above HPI
2016 16 MAY	£279,950	£194,717	44% above HPI
2014 11 FEB	£235,000	£170,789	38% above HPI
2002 22 MAY	£143,000	£99,782	43% above HPI
2000 1 DEC	£87,950	£78,057	13% above HPI
1998 27 MAY	£69,950	£61,833	13% above HPI

HOLLY LODGE 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 six HOLLY LODGE sales between May 1998 and May 2019 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 2016 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the May 2019 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might HOLLY LODGE be worth now?

HOLLY LODGE might now be worth an estimated £412,108.

This is based on house price inflation of 29.6%, between May 2019 and December 2024, 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 29.6% inflationary increase is applied to the most recent sale price for HOLLY LODGE of £318,000 on 31st May 2019. For the value to have increased from £318,000 to £412,108 over the four years and five months to December 2024, the following assumptions must hold true:

• The value of HOLLY LODGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2019 sale price of £318,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLY LODGE has not materially changed since May 2019.

How Large is HOLLY LODGE?

HOLLY LODGE is 164m² according to the EPC inspection conducted in May 2013. This puts it in the largest 30% 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 HOLLY LODGE lies on this distribution: 77% of detached houses houses are smaller than HOLLY LODGE, and 23% of houses are larger. Note that EPC data is not available for all properties in Keal Cotes.

HOLLY LODGE: Plot and Title Map

HOLLY LODGE sits on a plot of roughly 0.691 of an acre, or 2,795m². The below map shows the location of HOLLY LODGE, 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 HOLLY LODGE). 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 HOLLY LODGE?

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