OAK LODGE, MAIN ROAD, HUNDLEBY, SPILSBY, PE23 5LS - £385,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OAK LODGE is a very large extended detached house of 235m², built sometime from 2007 onwards. It was last sold for £385,000 in November 2017, which was around 83% above the average November 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

OAK LODGE Sold Prices

Land registry data shows two sales for OAK 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 OAK 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
2017 10 NOV	£385,000	£210,451	83% above HPI
2004 30 APR	£200,000	£154,061	30% above HPI

OAK 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 OAK LODGE sales from April 2004 and November 2017 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 April 2004 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the November 2017 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might OAK LODGE be worth now?

OAK LODGE might now be worth an estimated £521,183.

This is based on house price inflation of 35.4%, between November 2017 and December 2024, 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 35.4% inflationary increase is applied to the most recent sale price for OAK LODGE of £385,000 on 10th November 2017. For the value to have increased from £385,000 to £521,183 over the six years and eleven months to December 2024, the following assumptions must hold true:

• The value of OAK LODGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2017 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of OAK LODGE has not materially changed since November 2017.

How Large is OAK LODGE?

OAK LODGE is 235m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the largest 10% of detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spilsby, and where OAK LODGE lies on this distribution: 98% of detached houses houses are smaller than OAK LODGE, and 2% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

OAK LODGE: Plot and Title Map

OAK LODGE sits on a plot of roughly 0.370 of an acre, or 1,499m². The below map shows the location of OAK 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 OAK 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 OAK LODGE?

OAK LODGE is located on MAIN ROAD in HUNDLEBY, in the PE23 postcode district. The below map shows the position of OAK LODGE on MAIN ROAD.