RATHDENE LODGE, FEN LANE, EAST KEAL, SPILSBY, PE23 4AY - £215,000

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

RATHDENE LODGE is a small extended detached house of 119m², built sometime between 1967 and 1975. It was last sold for £215,000 in December 2015, which was around 14% above the average December 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2009, where the current energy rating was E, and the potential energy rating was D.

RATHDENE LODGE Sold Prices

Land registry data shows three sales for RATHDENE LODGE 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 RATHDENE LODGE 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
2015 3 DEC	£215,000	£189,181	14% above HPI
2010 1 MAR	£200,000	£168,985	18% above HPI
2001 7 SEP	£84,500	£85,238	1% below HPI

RATHDENE 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 three RATHDENE LODGE sales between September 2001 and December 2015 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 2010 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the December 2015 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is RATHDENE LODGE?

RATHDENE LODGE is 119m², which includes two extensions, according to the EPC inspection conducted in October 2009. This puts it in the smallest 40% 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 RATHDENE LODGE lies on this distribution: 35% of detached houses are smaller than RATHDENE LODGE, and 65% of houses are larger. Note that EPC data is not available for all properties in East Keal.

RATHDENE LODGE: Plot and Title Map

RATHDENE LODGE sits on a plot of roughly 0.319 of an acre, or 1,292m². The below map shows the location of RATHDENE 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 RATHDENE 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 RATHDENE LODGE?

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