THE BRIERS, BLACKSMITH LANE, EAST KEAL, SPILSBY, PE23 4AZ - £275,000

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

THE BRIERS is a very small detached house of 71m², built sometime between 1996 and 2002. It was last sold for £275,000 in July 2022, which was about the average July 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was C.

THE BRIERS Sold Prices

Land registry data shows four sales for THE BRIERS 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. The four THE BRIERS sales were a mix of roughly equal to the average price, above the average price, and 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
2022 27 JUL	£275,000	£274,882	Close to HPI
2013 1 AUG	£184,950	£165,486	12% above HPI
2009 25 SEP	£157,000	£165,486	5% below HPI
2007 10 AUG	£165,000	£192,296	14% below HPI

THE BRIERS 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 THE BRIERS sales between August 2007 and July 2022 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 August 2013 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is THE BRIERS?

THE BRIERS is 71m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% of detached houses in East Keal, based on EPC data. The below chart shows the distribution of detached houses by size in East Keal, and where THE BRIERS lies on this distribution: 7% of detached houses are smaller than THE BRIERS, and 93% of houses are larger. Note that EPC data is not available for all properties in East Keal.

THE BRIERS: Plot and Title Map

THE BRIERS sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of THE BRIERS, 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 THE BRIERS). 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 THE BRIERS?

THE BRIERS is located on BLACKSMITH LANE in EAST KEAL, in the PE23 postcode district. The below map shows the position of THE BRIERS on BLACKSMITH LANE.