10, LANCASTER CLOSE, GREAT STEEPING, SPILSBY, PE23 5HA - £160,000

10 LANCASTER CLOSE is a small detached house of 74m², built sometime between 2003 and 2006. It was last sold for £160,000 in February 2020, which was around 25% below the average February 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

10 LANCASTER CLOSE Sold Prices

Land registry data shows four sales for 10 LANCASTER CLOSE 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 10 LANCASTER CLOSE 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
2020 21 FEB	£160,000	£212,241	25% below HPI
2018 24 MAY	£162,000	£209,025	22% below HPI
2002 21 JUN	£112,000	£99,395	13% above HPI
1999 6 MAY	£59,500	£67,272	12% below HPI

10 LANCASTER CLOSE 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 10 LANCASTER CLOSE sales between May 1999 and February 2020 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 May 2018 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 10 LANCASTER CLOSE?

10 LANCASTER CLOSE is 74m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of detached houses in Great Steeping, based on EPC data. The below chart shows the distribution of detached houses by size in Great Steeping, and where 10 LANCASTER CLOSE lies on this distribution: 20% of detached houses are smaller than 10 LANCASTER CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

10 LANCASTER CLOSE: Plot and Title Map

10 LANCASTER CLOSE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 10 LANCASTER CLOSE, 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 10 LANCASTER CLOSE). 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 10 LANCASTER CLOSE?

10 LANCASTER CLOSE is located in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of No. 10 on LANCASTER CLOSE.