22, MAGELLAN DRIVE, SPILSBY, PE23 5FB - £124,999

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.

22 MAGELLAN DRIVE is a very small terraced house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £172,425. It was last sold for £124,999 in February 2007, which was around 24% above the average February 2007 terraced price in the East Lindsey local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

22 MAGELLAN DRIVE Sold Prices

Land registry data shows two sales for 22 MAGELLAN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. Both of the two 22 MAGELLAN DRIVE 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
2007 2 FEB	£124,999	£100,609	24% above HPI
2002 28 FEB	£67,950	£44,947	51% above HPI

22 MAGELLAN DRIVE 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 two 22 MAGELLAN DRIVE sales from February 2002 and February 2007 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 February 2002 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the February 2007 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 22 MAGELLAN DRIVE be worth now?

22 MAGELLAN DRIVE might now be worth an estimated £172,425.

This is based on house price inflation of 37.9%, between February 2007 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 37.9% inflationary increase is applied to the most recent sale price for 22 MAGELLAN DRIVE of £124,999 on 2nd February 2007. For the value to have increased from £124,999 to £172,425 over the seventeen years and seven months to July 2025, the following assumptions must hold true:

• The value of 22 MAGELLAN DRIVE has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The February 2007 sale price of £124,999 represented a fair market value for the property.
• The size, condition, and specification of 22 MAGELLAN DRIVE has not materially changed since February 2007.

How Large is 22 MAGELLAN DRIVE?

22 MAGELLAN DRIVE is 70m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% 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 22 MAGELLAN DRIVE lies on this distribution: 15% of terraced houses houses are smaller than 22 MAGELLAN DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

22 MAGELLAN DRIVE: Plot and Title Map

22 MAGELLAN DRIVE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 22 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 22 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 22 MAGELLAN DRIVE?

22 MAGELLAN DRIVE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 22 on MAGELLAN DRIVE.