MEADOW VALE, SCHOOL LANE, EAST KEAL, SPILSBY, PE23 4AU - £175,000

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

MEADOW VALE is a very small detached house of 67m², built sometime between 1950 and 1966. It was last sold for £175,000 in October 2014, which was around 2% below the average October 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was C.

MEADOW VALE Sold Prices

Land registry data shows four sales for MEADOW VALE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four MEADOW VALE sales were for below 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
2014 30 OCT	£175,000	£178,623	2% below HPI
2009 13 MAR	£128,500	£162,310	21% below HPI
2006 22 FEB	£130,000	£167,207	22% below HPI
2005 1 APR	£89,000	£166,433	47% below HPI

MEADOW VALE 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 four MEADOW VALE sales between April 2005 and October 2014 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 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2014 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is MEADOW VALE?

MEADOW VALE is 67m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 10% 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 MEADOW VALE lies on this distribution: 3% of detached houses are smaller than MEADOW VALE, and 97% of houses are larger. Note that EPC data is not available for all properties in East Keal.

MEADOW VALE: Plot and Title Map

MEADOW VALE sits on a plot of roughly 0.382 of an acre, or 1,546m². The below map shows the location of MEADOW VALE, 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 MEADOW VALE). 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 MEADOW VALE?

MEADOW VALE is located on SCHOOL LANE in EAST KEAL, in the PE23 postcode district. The below map shows the position of MEADOW VALE on SCHOOL LANE.