2, WELHAM GARDENS, SPILSBY, PE23 5JG - £130,000

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.

2 WELHAM GARDENS is a large extended terraced house of 117m², built sometime before 1900, which could now be worth an estimated £198,599. It was last sold for £130,000 in September 2013, which was around 43% above the average September 2013 terraced price in the East Lindsey local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

2 WELHAM GARDENS Sold Prices

Land registry data shows three sales for 2 WELHAM GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. All of the three 2 WELHAM GARDENS sales 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
2013 6 SEP	£130,000	£90,844	43% above HPI
1999 8 OCT	£55,000	£32,830	68% above HPI
1995 1 SEP	£40,000	£27,576	45% above HPI

2 WELHAM GARDENS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The three 2 WELHAM GARDENS sales between September 1995 and September 2013 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 1999 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the September 2013 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 2 WELHAM GARDENS be worth now?

2 WELHAM GARDENS might now be worth an estimated £198,599.

This is based on house price inflation of 52.8%, between September 2013 and July 2025, for terraced 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 52.8% inflationary increase is applied to the most recent sale price for 2 WELHAM GARDENS of £130,000 on 6th September 2013. For the value to have increased from £130,000 to £198,599 over the twelve years and two months to July 2025, the following assumptions must hold true:

• The value of 2 WELHAM GARDENS has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The September 2013 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WELHAM GARDENS has not materially changed since September 2013.

How Large is 2 WELHAM GARDENS?

2 WELHAM GARDENS is 117m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the largest 40% of terraced houses houses in Spilsby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Spilsby, and where 2 WELHAM GARDENS lies on this distribution: 69% of terraced houses houses are smaller than 2 WELHAM GARDENS, and 31% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

2 WELHAM GARDENS: Plot and Title Map

2 WELHAM GARDENS sits on a plot of roughly 0.659 of an acre, or 2,665m². The below map shows the location of 2 WELHAM GARDENS, 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 WELHAM GARDENS). 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 WELHAM GARDENS?

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