SPRINGFIELD, CHURCH ROAD, FRISKNEY, BOSTON, PE22 8RD - £138,000

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

SPRINGFIELD is a small detached house of 77m², built sometime between 1991 and 1995. It was last sold for £138,000 in July 2016, which was around 27% below the average July 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2024, where the current energy rating was D, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows four sales for SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four SPRINGFIELD 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
2016 29 JUL	£138,000	£189,070	27% below HPI
2002 26 JUL	£83,500	£101,518	18% below HPI
1998 22 JUL	£56,950	£65,105	13% below HPI
1995 10 MAR	£38,000	£58,321	35% below HPI

SPRINGFIELD 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 four SPRINGFIELD sales between March 1995 and July 2016 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 July 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2016 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 77m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 30% of detached houses in Friskney, based on EPC data. The below chart shows the distribution of detached houses by size in Friskney, and where SPRINGFIELD lies on this distribution: 21% of detached houses are smaller than SPRINGFIELD, and 77% of houses are larger. Note that EPC data is not available for all properties in Friskney.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on CHURCH ROAD in FRISKNEY, in the PE22 postcode district. The below map shows the position of SPRINGFIELD on CHURCH ROAD.