WOLDS EDGE, FEN LANE, EAST KEAL, SPILSBY, PE23 4AY - £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.

WOLDS EDGE is a large detached house of 191m², built sometime between 1991 and 1995, which could now be worth an estimated £449,596. It was last sold for £380,000 in June 2021, which was around 57% above the average June 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was B.

WOLDS EDGE Sold Prices

Land registry data shows three sales for WOLDS EDGE 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 WOLDS EDGE 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
2021 24 JUN	£380,000	£241,941	57% above HPI
2004 30 APR	£249,950	£154,061	62% above HPI
1998 13 OCT	£58,000	£65,491	11% below HPI

WOLDS EDGE 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 WOLDS EDGE sales between October 1998 and June 2021 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 April 2004 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the June 2021 sale, where it falls to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might WOLDS EDGE be worth now?

WOLDS EDGE might now be worth an estimated £449,596.

This is based on house price inflation of 18.3%, between June 2021 and February 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 18.3% inflationary increase is applied to the most recent sale price for WOLDS EDGE of £380,000 on 24th June 2021. For the value to have increased from £380,000 to £449,596 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of WOLDS EDGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2021 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of WOLDS EDGE has not materially changed since June 2021.

How Large is WOLDS EDGE?

WOLDS EDGE is 191m² according to the EPC inspection conducted in August 2020. This puts it in the largest 30% of detached houses houses in East Keal, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Keal, and where WOLDS EDGE lies on this distribution: 79% of detached houses houses are smaller than WOLDS EDGE, and 21% of houses are larger. Note that EPC data is not available for all properties in East Keal.

WOLDS EDGE: Plot and Title Map

WOLDS EDGE sits on a plot of roughly 0.385 of an acre, or 1,559m². The below map shows the location of WOLDS EDGE, 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 WOLDS EDGE). 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 WOLDS EDGE?

WOLDS EDGE is located on FEN LANE in EAST KEAL, in the PE23 postcode district. The below map shows the position of WOLDS EDGE on FEN LANE.