THE OLD GRANARY, STONE LANE, SPILSBY, PE23 5JS - £302,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE OLD GRANARY is a very large extended detached house of 165m², built sometime before 1900, which could now be worth an estimated £464,667. It was last sold for £302,000 in January 2008, which was around 62% above the average January 2008 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2014, where the current energy rating was E, and the potential energy rating was B.

THE OLD GRANARY Sold Prices

Land registry data shows two sales for THE OLD GRANARY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two THE OLD GRANARY 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
2008 18 JAN	£302,000	£186,043	62% above HPI
1998 19 JUN	£73,000	£63,511	15% above HPI

THE OLD GRANARY 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 two THE OLD GRANARY sales from June 1998 and January 2008 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 June 1998 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the January 2008 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might THE OLD GRANARY be worth now?

THE OLD GRANARY might now be worth an estimated £464,667.

This is based on house price inflation of 53.9%, between January 2008 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 53.9% inflationary increase is applied to the most recent sale price for THE OLD GRANARY of £302,000 on 18th January 2008. For the value to have increased from £302,000 to £464,667 over the sixteen years and eleven months to February 2025, the following assumptions must hold true:

• The value of THE OLD GRANARY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2008 sale price of £302,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD GRANARY has not materially changed since January 2008.

How Large is THE OLD GRANARY?

THE OLD GRANARY is 165m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the largest 20% of detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spilsby, and where THE OLD GRANARY lies on this distribution: 88% of detached houses houses are smaller than THE OLD GRANARY, and 11% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

THE OLD GRANARY: Plot and Title Map

THE OLD GRANARY sits on a plot of roughly 0.453 of an acre, or 1,832m². The below map shows the location of THE OLD GRANARY, 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 OLD GRANARY). 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 OLD GRANARY?

THE OLD GRANARY is located on STONE LANE in SPILSBY, in the PE23 postcode district. The below map shows the position of THE OLD GRANARY on STONE LANE.