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

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 RETREAT is a small detached house of 106m², built sometime between 1996 and 2002, which could now be worth an estimated £357,856. It was last sold for £330,000 in December 2021, which was around 25% 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	£263,970	25% above HPI
1997 8 JUL	£79,000	£61,347	29% 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 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the December 2021 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might THE RETREAT be worth now?

THE RETREAT might now be worth an estimated £357,856.

This is based on house price inflation of 8.4%, between December 2021 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 8.4% inflationary increase is applied to the most recent sale price for THE RETREAT of £330,000 on 17th December 2021. For the value to have increased from £330,000 to £357,856 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of THE RETREAT has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2021 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of THE RETREAT has not materially changed since December 2021.

How Large is THE RETREAT?

THE RETREAT is 106m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 30% of detached houses houses in East Keal, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Keal, and where THE RETREAT lies on this distribution: 30% of detached houses 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.