ILEX HOUSE, CHURCH LANE, WEST KEAL, SPILSBY, PE23 4BG - £245,000

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

ILEX HOUSE is a very large extended detached house of 157m², built sometime between 1976 and 1982. It was last sold for £245,000 in September 2011, which was around 45% above the average September 2011 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

ILEX HOUSE Sold Prices

Land registry data shows two sales for ILEX HOUSE 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 ILEX HOUSE 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
2011 30 SEP	£245,000	£168,640	45% above HPI
1996 1 MAR	£85,240	£52,002	64% above HPI

ILEX HOUSE 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 ILEX HOUSE sales from March 1996 and September 2011 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 March 1996 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the September 2011 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is ILEX HOUSE?

ILEX HOUSE is 157m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the largest 20% of detached houses in West Keal, based on EPC data. The below chart shows the distribution of detached houses by size in West Keal, and where ILEX HOUSE lies on this distribution: 85% of detached houses are smaller than ILEX HOUSE, and 15% of houses are larger. Note that EPC data is not available for all properties in West Keal.

ILEX HOUSE: Plot and Title Map

ILEX HOUSE sits on a plot of roughly 0.359 of an acre, or 1,452m². The below map shows the location of ILEX HOUSE, 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 ILEX HOUSE). 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 ILEX HOUSE?

ILEX HOUSE is located on CHURCH LANE in WEST KEAL, in the PE23 postcode district. The below map shows the position of ILEX HOUSE on CHURCH LANE.