ROMANY, MAIN ROAD, KEAL COTES, SPILSBY, PE23 4AG - £152,000

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

ROMANY is a very small detached house of 67m², built sometime between 1967 and 1975. It was last sold for £152,000 in October 2016, which was around 21% below the average October 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

ROMANY Sold Prices

Land registry data shows three sales for ROMANY 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 ROMANY sales were 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
2016 12 OCT	£152,000	£192,862	21% below HPI
2007 30 NOV	£158,000	£188,186	16% below HPI
2002 20 DEC	£92,000	£117,463	22% below HPI

ROMANY 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 ROMANY sales between December 2002 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 November 2007 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2016 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is ROMANY?

ROMANY is 67m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% 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 ROMANY lies on this distribution: 10% of detached houses are smaller than ROMANY, and 90% of houses are larger. Note that EPC data is not available for all properties in Keal Cotes.

ROMANY: Plot and Title Map

ROMANY sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of ROMANY, 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 ROMANY). 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 ROMANY?

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