THE LAURELS, ERESBY AVENUE, SPILSBY, PE23 5HU - £399,950

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE LAURELS is a very large detached house of 163m². It was last sold for £399,950 in December 2021, which was around 54% above the average December 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2018, where the current energy rating was B, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows three sales for THE LAURELS 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. Two of the three THE LAURELS sales were for above the average price, whilst one was 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
2021 17 DEC	£399,950	£260,179	54% above HPI
2018 30 OCT	£337,000	£218,755	54% above HPI
2018 16 FEB	£81,250	£208,569	61% below HPI

THE LAURELS 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 THE LAURELS sales between February 2018 and December 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 October 2018 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the December 2021 sale, which was also at 54% above the HPI.

How Large is THE LAURELS?

THE LAURELS is 163m² according to the EPC inspection conducted in September 2018. This puts it in the largest 20% of detached houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses by size in Spilsby, and where THE LAURELS lies on this distribution: 87% of detached houses are smaller than THE LAURELS, and 12% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.258 of an acre, or 1,044m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on ERESBY AVENUE in SPILSBY, in the PE23 postcode district. The below map shows the position of THE LAURELS on ERESBY AVENUE.