OAKLANDS, FIRSBY, SPILSBY, PE23 5QW - £335,000

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

OAKLANDS is a large detached house of 143m², built sometime between 1991 and 1995, which could now be worth an estimated £356,550. It was last sold for £335,000 in March 2022, which was around 25% above the average March 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was D.

OAKLANDS Sold Prices

Land registry data shows three sales for OAKLANDS 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. All of the three OAKLANDS 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
2022 31 MAR	£335,000	£267,673	25% above HPI
2007 28 SEP	£230,000	£194,055	19% above HPI
1998 12 NOV	£75,000	£68,272	10% above HPI

OAKLANDS 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 OAKLANDS sales between November 1998 and March 2022 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 September 2007 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the March 2022 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might OAKLANDS be worth now?

OAKLANDS might now be worth an estimated £356,550.

This is based on house price inflation of 6.4%, between March 2022 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 6.4% inflationary increase is applied to the most recent sale price for OAKLANDS of £335,000 on 31st March 2022. For the value to have increased from £335,000 to £356,550 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of OAKLANDS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2022 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLANDS has not materially changed since March 2022.

How Large is OAKLANDS?

OAKLANDS is 143m² according to the EPC inspection conducted in August 2021. This puts it in the largest 40% of detached houses houses in Firsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Firsby, and where OAKLANDS lies on this distribution: 69% of detached houses houses are smaller than OAKLANDS, and 31% of houses are larger. Note that EPC data is not available for all properties in Firsby.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.180 of an acre, or 729m². The below map shows the location of OAKLANDS, 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 OAKLANDS). 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 OAKLANDS?

OAKLANDS is located in FIRSBY, in the PE23 postcode district. The below map shows the position of OAKLANDS in FIRSBY.