TWO HOOTS, POST OFFICE LANE, SPILSBY, PE23 5LQ - £151,000

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

TWO HOOTS is a small semi-detached house of 84m², built sometime between 1996 and 2002. It was last sold for £151,000 in May 2014, which was around 30% above the average May 2014 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

TWO HOOTS Sold Prices

Land registry data shows three sales for TWO HOOTS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. All of the three TWO HOOTS 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
2014 20 MAY	£151,000	£116,392	30% above HPI
2010 7 DEC	£147,500	£111,505	32% above HPI
2003 7 APR	£117,500	£79,480	48% above HPI

TWO HOOTS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three TWO HOOTS sales between April 2003 and May 2014 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 December 2010 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the May 2014 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might TWO HOOTS be worth now?

TWO HOOTS might now be worth an estimated £249,891.

This is based on house price inflation of 65.5%, between May 2014 and December 2024, for semi-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 65.5% inflationary increase is applied to the most recent sale price for TWO HOOTS of £151,000 on 20th May 2014. For the value to have increased from £151,000 to £249,891 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of TWO HOOTS has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The May 2014 sale price of £151,000 represented a fair market value for the property.
• The size, condition, and specification of TWO HOOTS has not materially changed since May 2014.

How Large is TWO HOOTS?

TWO HOOTS is 84m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 40% of semi-detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Spilsby, and where TWO HOOTS lies on this distribution: 31% of semi-detached houses houses are smaller than TWO HOOTS, and 69% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

TWO HOOTS: Plot and Title Map

TWO HOOTS sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of TWO HOOTS, 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 TWO HOOTS). 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 TWO HOOTS?

TWO HOOTS is located on POST OFFICE LANE in SPILSBY, in the PE23 postcode district. The below map shows the position of TWO HOOTS on POST OFFICE LANE.