HOLLY LODGE, THORPE BANK, LITTLE STEEPING, SPILSBY, PE23 5BB - £495,000

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.

HOLLY LODGE is a midsized extended detached house of 153m², built sometime between 1983 and 1990, which could now be worth an estimated £524,648. It was last sold for £495,000 in January 2022, which was around 83% above the average January 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

HOLLY LODGE Sold Prices

Land registry data shows two sales for HOLLY LODGE 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 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
2022 6 JAN	£495,000	£270,076	83% above HPI
2013 15 NOV	£250,000	£167,539	49% 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 two HOLLY LODGE sales from November 2013 and January 2022 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 November 2013 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the January 2022 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might HOLLY LODGE be worth now?

HOLLY LODGE might now be worth an estimated £524,648.

This is based on house price inflation of 6%, between January 2022 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 6% inflationary increase is applied to the most recent sale price for HOLLY LODGE of £495,000 on 6th January 2022. For the value to have increased from £495,000 to £524,648 over the two years and eleven months to February 2025, 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 January 2022 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLY LODGE has not materially changed since January 2022.

How Large is HOLLY LODGE?

HOLLY LODGE is 153m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the largest 50% of detached houses houses in Little Steeping, based on EPC data. The below chart shows the distribution of detached houses houses by size in Little Steeping, and where HOLLY LODGE lies on this distribution: 59% of detached houses houses are smaller than HOLLY LODGE, and 41% of houses are larger. Note that EPC data is not available for all properties in Little Steeping.

HOLLY LODGE: Plot and Title Map

HOLLY LODGE sits on a plot of roughly 1.6 acres, or 6,353m². 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 THORPE BANK in LITTLE STEEPING, in the PE23 postcode district. The below map shows the position of HOLLY LODGE on THORPE BANK.