2, FRANKLIN WAY, SPILSBY, PE23 5GG - £120,500

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.

2 FRANKLIN WAY is a very small semi-detached house of 69m², built sometime between 2003 and 2006, which could now be worth an estimated £217,842. It was last sold for £120,500 in February 2012, which was around 13% above the average February 2012 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was C.

2 FRANKLIN WAY Sold Prices

Land registry data shows two sales for 2 FRANKLIN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. One of the two 2 FRANKLIN WAY sales was for above the average price, whilst the other 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
2012 22 FEB	£120,500	£106,863	13% above HPI
2004 25 OCT	£106,950	£111,503	4% below HPI

2 FRANKLIN WAY 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 two 2 FRANKLIN WAY sales from October 2004 and February 2012 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 October 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2012 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 2 FRANKLIN WAY be worth now?

2 FRANKLIN WAY might now be worth an estimated £217,842.

This is based on house price inflation of 80.8%, between February 2012 and March 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 80.8% inflationary increase is applied to the most recent sale price for 2 FRANKLIN WAY of £120,500 on 22nd February 2012. For the value to have increased from £120,500 to £217,842 over the twelve years and eleven months to March 2025, the following assumptions must hold true:

• The value of 2 FRANKLIN WAY has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The February 2012 sale price of £120,500 represented a fair market value for the property.
• The size, condition, and specification of 2 FRANKLIN WAY has not materially changed since February 2012.

How Large is 2 FRANKLIN WAY?

2 FRANKLIN WAY is 69m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 20% 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 2 FRANKLIN WAY lies on this distribution: 16% of semi-detached houses houses are smaller than 2 FRANKLIN WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

2 FRANKLIN WAY: Plot and Title Map

2 FRANKLIN WAY sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 2 FRANKLIN WAY, 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 2 FRANKLIN WAY). 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 2 FRANKLIN WAY?

2 FRANKLIN WAY is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 2 on FRANKLIN WAY.