THE SPINNEY, HALL LANE, WEST KEAL, SPILSBY, PE23 4BJ - £344,747

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 small extended detached house of 105m², built sometime before 1900. It was last sold for £344,747 in November 2023, which was around 25% above the average November 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2024, where the current energy rating was E, 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
2023 28 NOV	£344,747	£275,385	25% above HPI
2017 21 FEB	£285,000	£199,326	43% above HPI
2011 23 SEP	£235,000	£168,640	39% above HPI
2003 29 AUG	£187,500	£135,527	38% 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 August 2003 and November 2023 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 February 2017 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the November 2023 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is THE SPINNEY?

THE SPINNEY is 105m², which includes two extensions, according to the EPC inspection conducted in September 2024. This puts it in the smallest 40% of detached houses in West Keal, based on EPC data. The below chart shows the distribution of detached houses by size in West Keal, and where THE SPINNEY lies on this distribution: 39% of detached houses are smaller than THE SPINNEY, and 61% of houses are larger. Note that EPC data is not available for all properties in West Keal.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.425 of an acre, or 1,719m². 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 HALL LANE in WEST KEAL, in the PE23 postcode district. The below map shows the position of THE SPINNEY on HALL LANE.