PENNY CRESS, CHAPEL LANE, SIBSEY, BOSTON, PE22 0SN - £273,000

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

PENNY CRESS is a very large extended detached house of 215m², built sometime between 1967 and 1975. It was last sold for £273,000 in May 2021, which was around 16% above the average May 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

PENNY CRESS Sold Prices

Land registry data shows two sales for PENNY CRESS 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 PENNY CRESS 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
2021 12 MAY	£273,000	£235,278	16% above HPI
2012 13 MAR	£240,000	£158,319	52% above HPI

PENNY CRESS 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 PENNY CRESS sales from March 2012 and May 2021 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 2012 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the May 2021 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is PENNY CRESS?

PENNY CRESS is 215m², which includes two extensions, according to the EPC inspection conducted in October 2011. This puts it in the largest 10% of detached houses in Sibsey, based on EPC data. The below chart shows the distribution of detached houses by size in Sibsey, and where PENNY CRESS lies on this distribution: 95% of detached houses are smaller than PENNY CRESS, and 5% of houses are larger. Note that EPC data is not available for all properties in Sibsey.

PENNY CRESS: Plot and Title Map

PENNY CRESS sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of PENNY CRESS, 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 PENNY CRESS). 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 PENNY CRESS?

PENNY CRESS is located on CHAPEL LANE in SIBSEY, in the PE22 postcode district. The below map shows the position of PENNY CRESS on CHAPEL LANE.