THORNLEA, FEN ROAD, KEAL COTES, SPILSBY, PE23 4AF - £342,000

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

THORNLEA is a midsized extended detached house of 114m², built sometime between 1930 and 1949, which could now be worth an estimated £340,564. It was last sold for £342,000 in August 2023, which was around 20% above the average August 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was C.

THORNLEA Sold Prices

Land registry data shows four sales for THORNLEA 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. Most of the four THORNLEA sales were for 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
2023 15 AUG	£342,000	£286,093	20% above HPI
2015 19 JUN	£125,000	£182,782	32% below HPI
2009 6 NOV	£129,500	£166,643	22% below HPI
1996 14 JUN	£44,000	£56,642	22% below HPI

THORNLEA 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 THORNLEA sales between June 1996 and August 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 June 2015 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2023 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might THORNLEA be worth now?

THORNLEA might now be worth an estimated £340,564.

This is based on house price deflation of 0.4%, between August 2023 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 0.4% deflationary decrease is applied to the most recent sale price for THORNLEA of £342,000 on 15th August 2023. For the value to have decreased from £342,000 to £340,564 over the eight months to December 2024, the following assumptions must hold true:

• The value of THORNLEA has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2023 sale price of £342,000 represented a fair market value for the property.
• The size, condition, and specification of THORNLEA has not materially changed since August 2023.

How Large is THORNLEA?

THORNLEA is 114m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the smallest 50% of detached houses houses in Keal Cotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Keal Cotes, and where THORNLEA lies on this distribution: 47% of detached houses houses are smaller than THORNLEA, and 53% of houses are larger. Note that EPC data is not available for all properties in Keal Cotes.

THORNLEA: Plot and Title Map

THORNLEA sits on a plot of roughly 0.261 of an acre, or 1,058m². The below map shows the location of THORNLEA, 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 THORNLEA). 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 THORNLEA?

THORNLEA is located on FEN ROAD in KEAL COTES, in the PE23 postcode district. The below map shows the position of THORNLEA on FEN ROAD.