THE RETREAT, FEN LANE, EAST KEAL, SPILSBY, PE23 4AY - £330,000

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 RETREAT is a small detached house of 106m², built sometime between 1996 and 2002. It was last sold for £330,000 in December 2021, which was around 27% above the average December 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

THE RETREAT Sold Prices

Land registry data shows two sales for THE RETREAT 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 RETREAT 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 17 DEC	£330,000	£260,179	27% above HPI
1997 8 JUL	£79,000	£60,466	31% above HPI

THE RETREAT 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 RETREAT sales from July 1997 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 July 1997 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the December 2021 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is THE RETREAT?

THE RETREAT is 106m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 40% 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 RETREAT lies on this distribution: 30% of detached houses are smaller than THE RETREAT, and 70% of houses are larger. Note that EPC data is not available for all properties in East Keal.

THE RETREAT: Plot and Title Map

THE RETREAT sits on a plot of roughly 0.254 of an acre, or 1,029m². The below map shows the location of THE RETREAT, 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 RETREAT). 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 RETREAT?

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