SOUTHWOLD LODGE, FEN ROAD, KEAL COTES, SPILSBY, PE23 4AF - £125,000

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

SOUTHWOLD LODGE is a small extended detached house of 95m², built sometime between 1950 and 1966. It was last sold for £125,000 in February 2020, which was around 41% below the average February 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was C.

SOUTHWOLD LODGE Sold Prices

Land registry data shows two sales for SOUTHWOLD LODGE 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 SOUTHWOLD LODGE 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
2020 25 FEB	£125,000	£212,241	41% below HPI
2016 8 JAN	£123,000	£189,015	35% below HPI

SOUTHWOLD 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 two SOUTHWOLD LODGE sales from January 2016 and February 2020 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 January 2016 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2020 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is SOUTHWOLD LODGE?

SOUTHWOLD LODGE is 95m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 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 SOUTHWOLD LODGE lies on this distribution: 27% of detached houses are smaller than SOUTHWOLD LODGE, and 73% of houses are larger. Note that EPC data is not available for all properties in Keal Cotes.

SOUTHWOLD LODGE: Plot and Title Map

SOUTHWOLD LODGE sits on a plot of roughly 0.275 of an acre, or 1,115m². The below map shows the location of SOUTHWOLD 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 SOUTHWOLD 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 SOUTHWOLD LODGE?

SOUTHWOLD LODGE is located on FEN ROAD in KEAL COTES, in the PE23 postcode district. The below map shows the position of SOUTHWOLD LODGE on FEN ROAD.