VENTURE, STATION ROAD, LITTLE STEEPING, SPILSBY, PE23 5BH - £382,500

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

VENTURE is a very large detached house of 183m², built sometime between 2003 and 2006. It was last sold for £382,500 in April 2018, which was around 86% above the average April 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

VENTURE Sold Prices

Land registry data shows two sales for VENTURE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. One of the two VENTURE sales was for above the average price, whilst the other was 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
2018 19 APR	£382,500	£205,229	86% above HPI
2004 2 JUL	£160,000	£160,925	1% below HPI

VENTURE 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 two VENTURE sales from July 2004 and April 2018 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 July 2004 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2018 sale, where it rises to 86% above the HPI. The line then continues to track at 86% above the HPI.

How Large is VENTURE?

VENTURE is 183m² according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses in Little Steeping, based on EPC data. The below chart shows the distribution of detached houses by size in Little Steeping, and where VENTURE lies on this distribution: 81% of detached houses are smaller than VENTURE, and 19% of houses are larger. Note that EPC data is not available for all properties in Little Steeping.

VENTURE: Plot and Title Map

VENTURE sits on a plot of roughly 0.761 of an acre, or 3,078m². The below map shows the location of VENTURE, 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 VENTURE). 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 VENTURE?

VENTURE is located on STATION ROAD in LITTLE STEEPING, in the PE23 postcode district. The below map shows the position of VENTURE on STATION ROAD.