THE SPINNEY, CHURCH LANE, HAGWORTHINGHAM, SPILSBY, PE23 4LP - £325,000

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 SPINNEY is a midsized extended detached house of 158m², built sometime between 1967 and 1975. It was last sold for £325,000 in June 2021, which was around 36% above the average June 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

THE SPINNEY Sold Prices

Land registry data shows four sales for THE SPINNEY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four THE SPINNEY 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 30 JUN	£325,000	£238,466	36% above HPI
2018 17 OCT	£310,000	£218,755	42% above HPI
2014 2 JUN	£200,000	£174,182	15% above HPI
1999 18 MAR	£77,000	£65,202	18% above HPI

THE SPINNEY 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 four THE SPINNEY sales between March 1999 and June 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 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the June 2021 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is THE SPINNEY?

THE SPINNEY is 158m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 50% of detached houses in Hagworthingham, based on EPC data. The below chart shows the distribution of detached houses by size in Hagworthingham, and where THE SPINNEY lies on this distribution: 57% of detached houses are smaller than THE SPINNEY, and 43% of houses are larger. Note that EPC data is not available for all properties in Hagworthingham.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.216 of an acre, or 874m². The below map shows the location of THE SPINNEY, 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 SPINNEY). 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 SPINNEY?

THE SPINNEY is located on CHURCH LANE in HAGWORTHINGHAM, in the PE23 postcode district. The below map shows the position of THE SPINNEY on CHURCH LANE.