4, FRANKLIN WAY, SPILSBY, PE23 5GG - £138,000

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.

4 FRANKLIN WAY is a very small semi-detached house of 65m², built sometime between 1991 and 1995, which could now be worth an estimated £179,069. It was last sold for £138,000 in January 2019, which was around 7% below the average January 2019 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

4 FRANKLIN WAY Sold Prices

Land registry data shows three sales for 4 FRANKLIN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three 4 FRANKLIN WAY sales were for below the average price, whilst one was 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
2019 25 JAN	£138,000	£148,882	7% below HPI
2018 11 MAY	£125,000	£139,864	11% below HPI
2004 24 NOV	£116,950	£111,873	5% above HPI

4 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 three 4 FRANKLIN WAY sales between November 2004 and January 2019 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 May 2018 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2019 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 4 FRANKLIN WAY be worth now?

4 FRANKLIN WAY might now be worth an estimated £179,069.

This is based on house price inflation of 29.8%, between January 2019 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 29.8% inflationary increase is applied to the most recent sale price for 4 FRANKLIN WAY of £138,000 on 25th January 2019. For the value to have increased from £138,000 to £179,069 over the five years and ten months to March 2025, the following assumptions must hold true:

• The value of 4 FRANKLIN WAY has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The January 2019 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FRANKLIN WAY has not materially changed since January 2019.

How Large is 4 FRANKLIN WAY?

4 FRANKLIN WAY is 65m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% 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 4 FRANKLIN WAY lies on this distribution: 10% of semi-detached houses houses are smaller than 4 FRANKLIN WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

4 FRANKLIN WAY: Plot and Title Map

4 FRANKLIN WAY sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of 4 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 4 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 4 FRANKLIN WAY?

4 FRANKLIN WAY is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 4 on FRANKLIN WAY.