20, MAGELLAN DRIVE, SPILSBY, PE23 5FB - £145,000

20 MAGELLAN DRIVE is a very small detached house of 63m², built sometime between 1996 and 2002. It was last sold for £145,000 in October 2005, which was around 18% below the average October 2005 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

20 MAGELLAN DRIVE Sold Prices

Land registry data shows two sales for 20 MAGELLAN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 20 MAGELLAN DRIVE 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
2005 21 OCT	£145,000	£176,098	18% below HPI
2001 18 DEC	£79,950	£92,325	13% below HPI

20 MAGELLAN DRIVE 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 two 20 MAGELLAN DRIVE sales from December 2001 and October 2005 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 December 2001 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2005 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 20 MAGELLAN DRIVE?

20 MAGELLAN DRIVE is 63m² according to the EPC inspection conducted in April 2015. 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 20 MAGELLAN DRIVE lies on this distribution: 6% of detached houses are smaller than 20 MAGELLAN DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

20 MAGELLAN DRIVE: Plot and Title Map

20 MAGELLAN DRIVE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 20 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 20 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 20 MAGELLAN DRIVE?

20 MAGELLAN DRIVE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 20 on MAGELLAN DRIVE.