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

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.

6 MAGELLAN DRIVE is a very small semi-detached house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £187,493. It was last sold for £145,000 in October 2020, which was around 3% below the average October 2020 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

6 MAGELLAN DRIVE Sold Prices

Land registry data shows four sales for 6 MAGELLAN DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. Most of the four 6 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
2020 26 OCT	£145,000	£149,405	3% below HPI
2014 23 JAN	£118,500	£110,737	7% above HPI
2004 20 FEB	£106,000	£97,275	9% above HPI
2000 10 NOV	£55,950	£47,845	17% above HPI

6 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 four 6 MAGELLAN DRIVE sales between November 2000 and October 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 January 2014 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 6 MAGELLAN DRIVE be worth now?

6 MAGELLAN DRIVE might now be worth an estimated £187,493.

This is based on house price inflation of 29.3%, between October 2020 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 29.3% inflationary increase is applied to the most recent sale price for 6 MAGELLAN DRIVE of £145,000 on 26th October 2020. For the value to have increased from £145,000 to £187,493 over the five years and seven months to March 2025, the following assumptions must hold true:

• The value of 6 MAGELLAN DRIVE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The October 2020 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MAGELLAN DRIVE has not materially changed since October 2020.

How Large is 6 MAGELLAN DRIVE?

6 MAGELLAN DRIVE is 70m² according to the EPC inspection conducted in July 2020. 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 6 MAGELLAN DRIVE lies on this distribution: 16% of semi-detached houses houses are smaller than 6 MAGELLAN DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

6 MAGELLAN DRIVE: Plot and Title Map

6 MAGELLAN DRIVE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 6 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 6 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 6 MAGELLAN DRIVE?

6 MAGELLAN DRIVE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 6 on MAGELLAN DRIVE.