RED ROOF, MAIN ROAD, KEAL COTES, SPILSBY, PE23 4AG - £212,000

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

RED ROOF is a large extended detached house of 137m², built sometime before 1900. It was last sold for £212,000 in October 2016, which was around 10% above the average October 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2010, where the current energy rating was F, and the potential energy rating was E.

RED ROOF Sold Prices

Land registry data shows two sales for RED ROOF 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 RED ROOF 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
2016 14 OCT	£212,000	£192,862	10% above HPI
2003 4 SEP	£139,000	£133,978	4% above HPI

RED ROOF 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 RED ROOF sales from September 2003 and October 2016 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 2003 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2016 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is RED ROOF?

RED ROOF is 137m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the largest 30% of detached houses in Keal Cotes, based on EPC data. The below chart shows the distribution of detached houses by size in Keal Cotes, and where RED ROOF lies on this distribution: 70% of detached houses are smaller than RED ROOF, and 30% of houses are larger. Note that EPC data is not available for all properties in Keal Cotes.

RED ROOF: Plot and Title Map

RED ROOF sits on a plot of roughly 0.226 of an acre, or 917m². The below map shows the location of RED ROOF, 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 RED ROOF). 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 RED ROOF?

RED ROOF is located on MAIN ROAD in KEAL COTES, in the PE23 postcode district. The below map shows the position of RED ROOF on MAIN ROAD.