SPINNEYMEDE, MAIN ROAD, WEST KEAL, SPILSBY, PE23 4BE - £164,950

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

SPINNEYMEDE is a very small extended detached house of 68m², built sometime between 1967 and 1975. It was last sold for £164,950 in December 2020, which was around 29% below the average December 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2014, where the current energy rating was F, and the potential energy rating was B.

SPINNEYMEDE Sold Prices

Land registry data shows two sales for SPINNEYMEDE 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 SPINNEYMEDE 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 9 DEC	£164,950	£233,083	29% below HPI
1996 29 MAR	£37,000	£52,002	29% below HPI

SPINNEYMEDE 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 SPINNEYMEDE sales from March 1996 and December 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 March 1996 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2020 sale, which was also at 29% below the HPI.

How Large is SPINNEYMEDE?

SPINNEYMEDE is 68m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 10% of detached houses in West Keal, based on EPC data. The below chart shows the distribution of detached houses by size in West Keal, and where SPINNEYMEDE lies on this distribution: 2% of detached houses are smaller than SPINNEYMEDE, and 98% of houses are larger. Note that EPC data is not available for all properties in West Keal.

SPINNEYMEDE: Plot and Title Map

SPINNEYMEDE sits on a plot of roughly 0.145 of an acre, or 585m². The below map shows the location of SPINNEYMEDE, 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 SPINNEYMEDE). 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 SPINNEYMEDE?

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