5, POST OFFICE LANE, SPILSBY, PE23 5LQ - £285,000

5 POST OFFICE LANE is a very large detached house of 189m², built sometime between 1983 and 1990. It was last sold for £285,000 in May 2020, which was around 31% above the average May 2020 detached 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 C.

5 POST OFFICE LANE Sold Prices

Land registry data shows four sales for 5 POST OFFICE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 5 POST OFFICE LANE 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
2020 22 MAY	£285,000	£218,298	31% above HPI
2017 2 JUN	£255,000	£202,435	26% above HPI
2007 24 OCT	£235,000	£188,072	25% above HPI
2000 8 NOV	£90,000	£76,227	18% above HPI

5 POST OFFICE LANE 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 four 5 POST OFFICE LANE sales between November 2000 and May 2020 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 June 2017 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2020 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 5 POST OFFICE LANE?

5 POST OFFICE LANE is 189m² according to the EPC inspection conducted in May 2015. This puts it in the largest 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 5 POST OFFICE LANE lies on this distribution: 94% of detached houses are smaller than 5 POST OFFICE LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

5 POST OFFICE LANE: Plot and Title Map

5 POST OFFICE LANE sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of 5 POST OFFICE LANE, 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 5 POST OFFICE LANE). 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 5 POST OFFICE LANE?

5 POST OFFICE LANE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 5 on POST OFFICE LANE.