WEST HOUSE, SPENCE STREET, SPILSBY, PE23 5EA - £380,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

WEST HOUSE is a very large extended detached house of 300m², built sometime before 1900, which could now be worth an estimated £555,963. It was last sold for £380,000 in May 2016, which was around 95% above the average May 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was C.

WEST HOUSE Sold Prices

Land registry data shows three sales for WEST HOUSE 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. Two of the three WEST HOUSE sales were for above the average price, whilst one 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
2016 25 MAY	£380,000	£194,717	95% above HPI
2007 3 JUL	£345,000	£193,413	78% above HPI
2000 23 JUN	£72,000	£75,756	5% below HPI

WEST HOUSE 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 WEST HOUSE sales between June 2000 and May 2016 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 2007 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the May 2016 sale, where it rises to 95% above the HPI. The line then continues to track at 95% above the HPI.

What might WEST HOUSE be worth now?

WEST HOUSE might now be worth an estimated £555,963.

This is based on house price inflation of 46.3%, between May 2016 and March 2025, 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 46.3% inflationary increase is applied to the most recent sale price for WEST HOUSE of £380,000 on 25th May 2016. For the value to have increased from £380,000 to £555,963 over the nine years and two months to March 2025, the following assumptions must hold true:

• The value of WEST HOUSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2016 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of WEST HOUSE has not materially changed since May 2016.

How Large is WEST HOUSE?

WEST HOUSE is 300m², which includes three extensions, according to the EPC inspection conducted in September 2012. This puts it in the largest 10% of detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spilsby, and where WEST HOUSE lies on this distribution: 99% of detached houses houses are smaller than WEST HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

WEST HOUSE: Plot and Title Map

WEST HOUSE sits on a plot of roughly 0.283 of an acre, or 1,146m². The below map shows the location of WEST HOUSE, 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 WEST HOUSE). 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 WEST HOUSE?

WEST HOUSE is located on SPENCE STREET in SPILSBY, in the PE23 postcode district. The below map shows the position of WEST HOUSE on SPENCE STREET.