THE HOMESTEAD, MAIN ROAD, WEST KEAL, SPILSBY, PE23 4BE - £375,000

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 HOMESTEAD is a large detached house of 132m², built sometime before 1900. It was last sold for £375,000 in May 2021, which was around 59% above the average May 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

THE HOMESTEAD Sold Prices

Land registry data shows four sales for THE HOMESTEAD 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 THE HOMESTEAD 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
2021 28 MAY	£375,000	£235,278	59% above HPI
2018 20 JUL	£315,500	£217,358	45% above HPI
2014 19 FEB	£222,500	£168,336	32% above HPI
2001 26 OCT	£123,000	£88,982	38% above HPI

THE HOMESTEAD 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 HOMESTEAD sales between October 2001 and May 2021 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 2018 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the May 2021 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 132m² according to the EPC inspection conducted in April 2011. This puts it in the largest 40% 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 THE HOMESTEAD lies on this distribution: 66% of detached houses are smaller than THE HOMESTEAD, and 34% of houses are larger. Note that EPC data is not available for all properties in West Keal.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.419 of an acre, or 1,695m². The below map shows the location of THE HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

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