15, LANCASTER CLOSE, GREAT STEEPING, SPILSBY, PE23 5HA - £240,000

15 LANCASTER CLOSE is a small detached house of 75m², built sometime between 1996 and 2002. It was last sold for £240,000 in September 2021, which was around 2% below the average September 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

15 LANCASTER CLOSE Sold Prices

Land registry data shows five sales for 15 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the five 15 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
2021 14 SEP	£240,000	£245,698	2% below HPI
2020 21 JUL	£234,000	£216,924	8% above HPI
2018 20 APR	£189,950	£205,229	7% below HPI
2001 4 JUL	£77,500	£80,837	4% below HPI
1998 28 SEP	£64,500	£65,381	1% below HPI

15 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 five 15 LANCASTER CLOSE sales between September 1998 and September 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 July 2020 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2021 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 15 LANCASTER CLOSE?

15 LANCASTER CLOSE is 75m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 30% 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 15 LANCASTER CLOSE lies on this distribution: 22% of detached houses are smaller than 15 LANCASTER CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

15 LANCASTER CLOSE: Plot and Title Map

15 LANCASTER CLOSE sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of 15 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 15 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 15 LANCASTER CLOSE?

15 LANCASTER CLOSE is located in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of No. 15 on LANCASTER CLOSE.