THE MARTINS, CHAPEL LANE, SIBSEY, BOSTON, PE22 0SN - £217,000

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 MARTINS is a midsized detached house of 106m², built sometime between 1983 and 1990. It was last sold for £217,000 in September 2015, which was around 16% above the average September 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

THE MARTINS Sold Prices

Land registry data shows three sales for THE MARTINS 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. All of the three THE MARTINS 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
2015 14 SEP	£217,000	£187,244	16% above HPI
1999 16 NOV	£97,950	£69,337	41% above HPI
1997 24 JAN	£65,000	£56,779	14% above HPI

THE MARTINS 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 MARTINS sales between January 1997 and September 2015 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 November 1999 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the September 2015 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is THE MARTINS?

THE MARTINS is 106m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 50% of detached houses in Sibsey, based on EPC data. The below chart shows the distribution of detached houses by size in Sibsey, and where THE MARTINS lies on this distribution: 43% of detached houses are smaller than THE MARTINS, and 56% of houses are larger. Note that EPC data is not available for all properties in Sibsey.

THE MARTINS: Plot and Title Map

THE MARTINS sits on a plot of roughly 0.221 of an acre, or 893m². The below map shows the location of THE MARTINS, 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 MARTINS). 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 MARTINS?

THE MARTINS is located on CHAPEL LANE in SIBSEY, in the PE22 postcode district. The below map shows the position of THE MARTINS on CHAPEL LANE.