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

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.

MEADOW VALE is a very small detached house of 67m², built sometime between 1950 and 1966, which could now be worth an estimated £276,418. It was last sold for £175,000 in October 2014, which was around 3% 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	£181,226	3% below HPI
2009 13 MAR	£128,500	£164,675	22% below HPI
2006 22 FEB	£130,000	£169,644	23% below HPI
2005 1 APR	£89,000	£168,858	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 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2014 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might MEADOW VALE be worth now?

MEADOW VALE might now be worth an estimated £276,418.

This is based on house price inflation of 58%, between October 2014 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 58% inflationary increase is applied to the most recent sale price for MEADOW VALE of £175,000 on 30th October 2014. For the value to have increased from £175,000 to £276,418 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of MEADOW VALE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2014 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of MEADOW VALE has not materially changed since October 2014.

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 houses in East Keal, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Keal, and where MEADOW VALE lies on this distribution: 3% of detached houses 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.