7, RESOLUTE CLOSE, SPILSBY, PE23 5LL - £136,000

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.

7 RESOLUTE CLOSE is a small detached house of 85m², built sometime between 1991 and 1995, which could now be worth an estimated £317,676. It was last sold for £136,000 in February 2003, which was around 12% above the average February 2003 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was B.

7 RESOLUTE CLOSE Sold Prices

Land registry data shows three sales for 7 RESOLUTE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. One of the three 7 RESOLUTE CLOSE sales was for above the average price, whilst two were for below 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
2003 3 FEB	£136,000	£121,961	12% above HPI
2001 18 JAN	£70,500	£78,556	10% below HPI
1996 2 AUG	£50,000	£58,639	15% below HPI

7 RESOLUTE CLOSE 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 three 7 RESOLUTE CLOSE sales between August 1996 and February 2003 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 2001 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2003 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 7 RESOLUTE CLOSE be worth now?

7 RESOLUTE CLOSE might now be worth an estimated £317,676.

This is based on house price inflation of 133.6%, between February 2003 and March 2025, for 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 133.6% inflationary increase is applied to the most recent sale price for 7 RESOLUTE CLOSE of £136,000 on 3rd February 2003. For the value to have increased from £136,000 to £317,676 over the 21 years and eleven months to March 2025, the following assumptions must hold true:

• The value of 7 RESOLUTE CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2003 sale price of £136,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RESOLUTE CLOSE has not materially changed since February 2003.

How Large is 7 RESOLUTE CLOSE?

7 RESOLUTE CLOSE is 85m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 40% of detached houses houses in Spilsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spilsby, and where 7 RESOLUTE CLOSE lies on this distribution: 33% of detached houses houses are smaller than 7 RESOLUTE CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Spilsby.

7 RESOLUTE CLOSE: Plot and Title Map

7 RESOLUTE CLOSE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 7 RESOLUTE CLOSE, 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 7 RESOLUTE CLOSE). 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 7 RESOLUTE CLOSE?

7 RESOLUTE CLOSE is located in SPILSBY, in the PE23 postcode district. The below map shows the position of No. 7 on RESOLUTE CLOSE.