33, MAGELLAN DRIVE, SPILSBY, PE23 5FB - £118,250

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.

33 MAGELLAN DRIVE is a very small semi-detached house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £204,879. It was last sold for £118,250 in October 2004, which was around 6% above the average October 2004 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

33 MAGELLAN DRIVE Sold Prices

Land registry data shows two sales for 33 MAGELLAN DRIVE 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. Both of the two 33 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
2004 28 OCT	£118,250	£111,503	6% above HPI
2001 23 AUG	£59,950	£52,911	13% above HPI

33 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 two 33 MAGELLAN DRIVE sales from August 2001 and October 2004 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 August 2001 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the October 2004 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 33 MAGELLAN DRIVE be worth now?

33 MAGELLAN DRIVE might now be worth an estimated £204,879.

This is based on house price inflation of 73.3%, between October 2004 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 73.3% inflationary increase is applied to the most recent sale price for 33 MAGELLAN DRIVE of £118,250 on 28th October 2004. For the value to have increased from £118,250 to £204,879 over the 21 years and seven months to March 2025, the following assumptions must hold true:

• The value of 33 MAGELLAN DRIVE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The October 2004 sale price of £118,250 represented a fair market value for the property.
• The size, condition, and specification of 33 MAGELLAN DRIVE has not materially changed since October 2004.

How Large is 33 MAGELLAN DRIVE?

33 MAGELLAN DRIVE is 71m² according to the EPC inspection conducted in April 2014. 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 33 MAGELLAN DRIVE lies on this distribution: 17% of semi-detached houses houses are smaller than 33 MAGELLAN DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

33 MAGELLAN DRIVE: Plot and Title Map

33 MAGELLAN DRIVE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 33 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 33 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 33 MAGELLAN DRIVE?

33 MAGELLAN DRIVE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 33 on MAGELLAN DRIVE.