SPINDLE COTTAGE, MANOR ROAD, HAGWORTHINGHAM, SPILSBY, PE23 4LL - £299,995

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

SPINDLE COTTAGE is a very small extended detached house of 101m², built sometime before 1900, which could now be worth an estimated £382,520. It was last sold for £299,995 in August 2019, which was around 34% above the average August 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was D.

SPINDLE COTTAGE Sold Prices

Land registry data shows five sales for SPINDLE COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five SPINDLE COTTAGE 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
2019 16 AUG	£299,995	£224,496	34% above HPI
2015 28 MAY	£265,000	£182,582	45% above HPI
2013 5 MAR	£236,950	£163,673	45% above HPI
1999 26 MAR	£97,500	£66,152	47% above HPI
1995 10 NOV	£83,000	£55,952	48% above HPI

SPINDLE COTTAGE 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 five SPINDLE COTTAGE sales between November 1995 and August 2019 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 May 2015 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the August 2019 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might SPINDLE COTTAGE be worth now?

SPINDLE COTTAGE might now be worth an estimated £382,520.

This is based on house price inflation of 27.5%, between August 2019 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.5% inflationary increase is applied to the most recent sale price for SPINDLE COTTAGE of £299,995 on 16th August 2019. For the value to have increased from £299,995 to £382,520 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of SPINDLE COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2019 sale price of £299,995 represented a fair market value for the property.
• The size, condition, and specification of SPINDLE COTTAGE has not materially changed since August 2019.

How Large is SPINDLE COTTAGE?

SPINDLE COTTAGE is 101m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 20% of detached houses houses in Hagworthingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hagworthingham, and where SPINDLE COTTAGE lies on this distribution: 16% of detached houses houses are smaller than SPINDLE COTTAGE, and 84% of houses are larger. Note that EPC data is not available for all properties in Hagworthingham.

SPINDLE COTTAGE: Plot and Title Map

SPINDLE COTTAGE sits on a plot of roughly 0.366 of an acre, or 1,481m². The below map shows the location of SPINDLE COTTAGE, 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 SPINDLE COTTAGE). 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 SPINDLE COTTAGE?

SPINDLE COTTAGE is located on MANOR ROAD in HAGWORTHINGHAM, in the PE23 postcode district. The below map shows the position of SPINDLE COTTAGE on MANOR ROAD.