THORNDYKE, SANDY LANE, GREAT STEEPING, SPILSBY, PE23 5PS - £150,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THORNDYKE is a very large detached house of 148m², built sometime between 1983 and 1990, which could now be worth an estimated £258,346. It was last sold for £150,000 in March 2005, which was around 9% below the average March 2005 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2024, where the current energy rating was D, and the potential energy rating was C.

THORNDYKE Sold Prices

Land registry data shows three sales for THORNDYKE 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 THORNDYKE sales were a mix of below the average price, roughly equal to the average price, and 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
2005 24 MAR	£150,000	£165,413	9% below HPI
2004 27 FEB	£150,000	£149,960	Close to HPI
2000 27 JUN	£130,000	£75,756	72% above HPI

THORNDYKE 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 THORNDYKE sales between June 2000 and March 2005 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 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2005 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might THORNDYKE be worth now?

THORNDYKE might now be worth an estimated £258,346.

This is based on house price inflation of 72.2%, between March 2005 and December 2024, 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 72.2% inflationary increase is applied to the most recent sale price for THORNDYKE of £150,000 on 24th March 2005. For the value to have increased from £150,000 to £258,346 over the eighteen years and three months to December 2024, the following assumptions must hold true:

• The value of THORNDYKE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2005 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of THORNDYKE has not materially changed since March 2005.

How Large is THORNDYKE?

THORNDYKE is 148m² according to the EPC inspection conducted in December 2024. This puts it in the largest 20% of detached houses houses in Great Steeping, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Steeping, and where THORNDYKE lies on this distribution: 89% of detached houses houses are smaller than THORNDYKE, and 11% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

THORNDYKE: Plot and Title Map

THORNDYKE sits on a plot of roughly 1.5 acres, or 6,030m². The below map shows the location of THORNDYKE, 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 THORNDYKE). 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 THORNDYKE?

THORNDYKE is located on SANDY LANE in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of THORNDYKE on SANDY LANE.