SIMLA, SKEGNESS ROAD, PARTNEY, SPILSBY, PE23 4PY - £350,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SIMLA is a large extended detached house of 151m², built sometime between 1930 and 1949. It was last sold for £350,000 in December 2023, which was around 28% above the average December 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2018, where the current energy rating was E, and the potential energy rating was C.

SIMLA Sold Prices

Land registry data shows three sales for SIMLA 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 SIMLA 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
2023 20 DEC	£350,000	£274,269	28% above HPI
2021 17 SEP	£329,000	£245,698	34% above HPI
2019 31 JAN	£230,000	£223,095	3% above HPI

SIMLA 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 SIMLA sales between January 2019 and December 2023 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 2021 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the December 2023 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is SIMLA?

SIMLA is 151m², which includes two extensions, according to the EPC inspection conducted in October 2018. This puts it in the largest 40% of detached houses in Partney, based on EPC data. The below chart shows the distribution of detached houses by size in Partney, and where SIMLA lies on this distribution: 62% of detached houses are smaller than SIMLA, and 38% of houses are larger. Note that EPC data is not available for all properties in Partney.

SIMLA: Plot and Title Map

SIMLA sits on a plot of roughly 1.1 acres, or 4,627m². The below map shows the location of SIMLA, 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 SIMLA). 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 SIMLA?

SIMLA is located on SKEGNESS ROAD in PARTNEY, in the PE23 postcode district. The below map shows the position of SIMLA on SKEGNESS ROAD.