STEEPING HOUSE, STATION ROAD, LITTLE STEEPING, SPILSBY, PE23 5BQ - £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

STEEPING HOUSE is a very large extended detached house of 235m², built sometime before 1900. It was last sold for £415,000 in September 2023, which was around 46% above the average September 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2022, where the current energy rating was E, and the potential energy rating was C.

STEEPING HOUSE Sold Prices

Land registry data shows four sales for STEEPING HOUSE 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 STEEPING 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
2023 21 SEP	£415,000	£283,775	46% above HPI
2022 22 APR	£387,500	£264,293	47% above HPI
2020 6 JUL	£320,000	£216,924	48% above HPI
2017 25 APR	£300,000	£203,689	47% above HPI

STEEPING 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 four STEEPING HOUSE sales between April 2017 and September 2023 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 April 2022 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the September 2023 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is STEEPING HOUSE?

STEEPING HOUSE is 235m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 20% of detached houses in Little Steeping, based on EPC data. The below chart shows the distribution of detached houses by size in Little Steeping, and where STEEPING HOUSE lies on this distribution: 89% of detached houses are smaller than STEEPING HOUSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Little Steeping.

STEEPING HOUSE: Plot and Title Map

STEEPING HOUSE sits on a plot of roughly 0.243 of an acre, or 984m². The below map shows the location of STEEPING 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 STEEPING 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 STEEPING HOUSE?

STEEPING HOUSE is located on STATION ROAD in LITTLE STEEPING, in the PE23 postcode district. The below map shows the position of STEEPING HOUSE on STATION ROAD.