15, OLD SCHOOL MEWS, SPILSBY, PE23 5QU - £142,500

15 OLD SCHOOL MEWS is a very small detached house of 56m², built sometime between 2003 and 2006. It was last sold for £142,500 in September 2014, which was around 20% below the average September 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

15 OLD SCHOOL MEWS Sold Prices

Land registry data shows three sales for 15 OLD SCHOOL MEWS 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. All of the three 15 OLD SCHOOL MEWS 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
2014 2 SEP	£142,500	£177,757	20% below HPI
2010 1 MAR	£133,000	£168,985	21% below HPI
2005 3 JUN	£137,000	£168,664	19% below HPI

15 OLD SCHOOL MEWS 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 15 OLD SCHOOL MEWS sales between June 2005 and September 2014 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 March 2010 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2014 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 15 OLD SCHOOL MEWS?

15 OLD SCHOOL MEWS is 56m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 10% of detached houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses by size in Spilsby, and where 15 OLD SCHOOL MEWS lies on this distribution: 3% of detached houses are smaller than 15 OLD SCHOOL MEWS, and 97% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

15 OLD SCHOOL MEWS: Plot and Title Map

15 OLD SCHOOL MEWS sits on a plot of roughly 0.084 of an acre, or 342m². The below map shows the location of 15 OLD SCHOOL MEWS, 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 OLD SCHOOL MEWS). 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 OLD SCHOOL MEWS?

15 OLD SCHOOL MEWS is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 15 on OLD SCHOOL MEWS.