18, MAGELLAN DRIVE, SPILSBY, PE23 5FB - £122,000

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.

18 MAGELLAN DRIVE is a small semi-detached house of 79m², built sometime between 1996 and 2002, which could now be worth an estimated £165,887. It was last sold for £122,000 in October 2016, which was around 5% below the average October 2016 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

18 MAGELLAN DRIVE Sold Prices

Land registry data shows three sales for 18 MAGELLAN DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. One of the three 18 MAGELLAN DRIVE sales was for below the average price, whilst two were for above 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 31 OCT	£122,000	£128,938	5% below HPI
2011 27 JUN	£115,000	£111,252	3% above HPI
2001 2 NOV	£67,000	£56,299	19% above HPI

18 MAGELLAN DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 18 MAGELLAN DRIVE sales between November 2001 and October 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 June 2011 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the October 2016 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 18 MAGELLAN DRIVE be worth now?

18 MAGELLAN DRIVE might now be worth an estimated £165,887.

This is based on house price inflation of 36%, between October 2016 and July 2025, for semi-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 36% inflationary increase is applied to the most recent sale price for 18 MAGELLAN DRIVE of £122,000 on 31st October 2016. For the value to have increased from £122,000 to £165,887 over the nine years and three months to July 2025, the following assumptions must hold true:

• The value of 18 MAGELLAN DRIVE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The October 2016 sale price of £122,000 represented a fair market value for the property.
• The size, condition, and specification of 18 MAGELLAN DRIVE has not materially changed since October 2016.

How Large is 18 MAGELLAN DRIVE?

18 MAGELLAN DRIVE is 79m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 30% of semi-detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Spilsby, and where 18 MAGELLAN DRIVE lies on this distribution: 27% of semi-detached houses houses are smaller than 18 MAGELLAN DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

18 MAGELLAN DRIVE: Plot and Title Map

18 MAGELLAN DRIVE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 18 MAGELLAN DRIVE, 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 18 MAGELLAN DRIVE). 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 18 MAGELLAN DRIVE?

18 MAGELLAN DRIVE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 18 on MAGELLAN DRIVE.