SPENCE HOUSE, THE BROADWAY, WOODHALL SPA, LN10 6RY - £415,000

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

SPENCE HOUSE is a very large extended detached house of 191m², built sometime between 1996 and 2002. It was last sold for £415,000 in November 2015, which was around 121% above the average November 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2011, where the current energy rating was C, and the potential energy rating was C.

SPENCE HOUSE Sold Prices

Land registry data shows two sales for SPENCE HOUSE 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 SPENCE HOUSE 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
2015 30 NOV	£415,000	£188,088	121% above HPI
2001 29 MAR	£111,000	£75,801	46% above HPI

SPENCE HOUSE 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 SPENCE HOUSE sales from March 2001 and November 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 2001 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the November 2015 sale, where it rises to 121% above the HPI. The line then continues to track at 121% above the HPI.

How Large is SPENCE HOUSE?

SPENCE HOUSE is 191m², which includes two extensions, according to the EPC inspection conducted in March 2011. This puts it in the largest 20% of detached houses in Woodhall Spa, based on EPC data. The below chart shows the distribution of detached houses by size in Woodhall Spa, and where SPENCE HOUSE lies on this distribution: 86% of detached houses are smaller than SPENCE HOUSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Woodhall Spa.

SPENCE HOUSE: Plot and Title Map

SPENCE HOUSE sits on a plot of roughly 0.317 of an acre, or 1,284m². The below map shows the location of SPENCE HOUSE, 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 SPENCE HOUSE). 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 SPENCE HOUSE?

SPENCE HOUSE is located on THE BROADWAY in WOODHALL SPA, in the LN10 postcode district. The below map shows the position of SPENCE HOUSE on THE BROADWAY.