NE BO, FEN LANE, EAST KEAL, SPILSBY, PE23 4AY - £160,000

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.

NE BO is a very small detached house of 83m², built sometime between 1930 and 1949, which could now be worth an estimated £278,347. It was last sold for £160,000 in July 2009, which was around 3% below the average July 2009 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2008, where the current energy rating was F, and the potential energy rating was E.

NE BO Sold Prices

Land registry data shows three sales for NE BO since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three NE BO sales were for below the average price, whilst one was 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
2009 30 JUL	£160,000	£164,544	3% below HPI
2005 28 NOV	£154,000	£177,879	13% below HPI
1998 23 OCT	£69,000	£65,491	5% above HPI

NE BO 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 three NE BO sales between October 1998 and July 2009 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 2005 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2009 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might NE BO be worth now?

NE BO might now be worth an estimated £278,347.

This is based on house price inflation of 74%, between July 2009 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 74% inflationary increase is applied to the most recent sale price for NE BO of £160,000 on 30th July 2009. For the value to have increased from £160,000 to £278,347 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of NE BO has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2009 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of NE BO has not materially changed since July 2009.

How Large is NE BO?

NE BO is 83m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 20% 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 NE BO lies on this distribution: 13% of detached houses houses are smaller than NE BO, and 87% of houses are larger. Note that EPC data is not available for all properties in East Keal.

NE BO: Plot and Title Map

NE BO sits on a plot of roughly 0.143 of an acre, or 578m². The below map shows the location of NE BO, 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 NE BO). 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 NE BO?

NE BO is located on FEN LANE in EAST KEAL, in the PE23 postcode district. The below map shows the position of NE BO on FEN LANE.