PEPPERCORNS, FEN LANE, EAST KEAL, SPILSBY, PE23 4AY - £225,000

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

PEPPERCORNS is a midsized extended detached house of 136m², built sometime between 1950 and 1966. It was last sold for £225,000 in March 2010, which was around 33% above the average March 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was A.

PEPPERCORNS Sold Prices

Land registry data shows three sales for PEPPERCORNS 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 PEPPERCORNS sales were for above the average price, whilst one was 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
2010 16 MAR	£225,000	£168,985	33% above HPI
2002 16 SEP	£117,500	£111,186	6% above HPI
2000 14 JUN	£58,000	£74,668	22% below HPI

PEPPERCORNS 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 PEPPERCORNS sales between June 2000 and March 2010 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 2002 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2010 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is PEPPERCORNS?

PEPPERCORNS is 136m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 50% of detached houses in East Keal, based on EPC data. The below chart shows the distribution of detached houses by size in East Keal, and where PEPPERCORNS lies on this distribution: 46% of detached houses are smaller than PEPPERCORNS, and 54% of houses are larger. Note that EPC data is not available for all properties in East Keal.

PEPPERCORNS: Plot and Title Map

PEPPERCORNS sits on a plot of roughly 0.299 of an acre, or 1,210m². The below map shows the location of PEPPERCORNS, 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 PEPPERCORNS). 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 PEPPERCORNS?

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