SPRING HOUSE, LANGHAM ROAD, HOGSTHORPE, SKEGNESS, PE24 5QD - £350,000

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

SPRING HOUSE is a very large extended detached house of 165m², built sometime before 1900. It was last sold for £350,000 in July 2015, which was around 92% above the average July 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

SPRING HOUSE Sold Prices

Land registry data shows three sales for SPRING HOUSE 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 SPRING 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 31 JUL	£350,000	£181,933	92% above HPI
2005 10 OCT	£300,000	£176,098	70% above HPI
2002 4 JAN	£175,000	£91,180	92% above HPI

SPRING 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 three SPRING HOUSE sales between January 2002 and July 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 October 2005 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the July 2015 sale, where it rises to 92% above the HPI. The line then continues to track at 92% above the HPI.

How Large is SPRING HOUSE?

SPRING HOUSE is 165m², which includes three extensions, according to the EPC inspection conducted in November 2012. This puts it in the largest 10% of detached houses in Hogsthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Hogsthorpe, and where SPRING HOUSE lies on this distribution: 96% of detached houses are smaller than SPRING HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Hogsthorpe.

SPRING HOUSE: Plot and Title Map

SPRING HOUSE sits on a plot of roughly 4.9 acres, or 19,790m². The below map shows the location of SPRING 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 SPRING 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 SPRING HOUSE?

SPRING HOUSE is located on LANGHAM ROAD in HOGSTHORPE, in the PE24 postcode district. The below map shows the position of SPRING HOUSE on LANGHAM ROAD.