THE WOODLANDS, MAIN ROAD, EAST KEAL, SPILSBY, PE23 4BB - £270,000

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 WOODLANDS is a small extended detached house of 124m², built sometime before 1900. It was last sold for £270,000 in March 2024, which was about the average March 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2023, where the current energy rating was E, and the potential energy rating was A.

THE WOODLANDS Sold Prices

Land registry data shows three sales for THE WOODLANDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. The three THE WOODLANDS sales were a mix of roughly equal to the average price, and below 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
2024 6 MAR	£270,000	£271,306	Close to HPI
2016 17 JUN	£167,000	£190,990	13% below HPI
1997 31 JAN	£34,000	£56,779	40% below HPI

THE WOODLANDS 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 three THE WOODLANDS sales between January 1997 and March 2024 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 2016 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is THE WOODLANDS?

THE WOODLANDS is 124m², which includes one extension, according to the EPC inspection conducted in October 2023. 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 WOODLANDS lies on this distribution: 39% of detached houses are smaller than THE WOODLANDS, and 59% of houses are larger. Note that EPC data is not available for all properties in East Keal.

THE WOODLANDS: Plot and Title Map

THE WOODLANDS sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of THE WOODLANDS, 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 WOODLANDS). 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 WOODLANDS?

THE WOODLANDS is located on MAIN ROAD in EAST KEAL, in the PE23 postcode district. The below map shows the position of THE WOODLANDS on MAIN ROAD.