EVERGREEN, GREAT STEEPING, SPILSBY, PE23 5PT - £135,000

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.

EVERGREEN is a midsized detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £232,331. It was last sold for £135,000 in February 2011, which was around 16% below the average February 2011 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

EVERGREEN Sold Prices

Land registry data shows three sales for EVERGREEN 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. All of the three EVERGREEN sales 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
2011 18 FEB	£135,000	£161,500	16% below HPI
1998 14 OCT	£58,000	£65,491	11% below HPI
1996 10 JAN	£54,000	£56,741	5% below HPI

EVERGREEN 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 EVERGREEN sales between January 1996 and February 2011 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 October 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2011 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might EVERGREEN be worth now?

EVERGREEN might now be worth an estimated £232,331.

This is based on house price inflation of 72.1%, between February 2011 and July 2026, 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 72.1% inflationary increase is applied to the most recent sale price for EVERGREEN of £135,000 on 18th February 2011. For the value to have increased from £135,000 to £232,331 over the fourteen years and seven months to July 2026, the following assumptions must hold true:

• The value of EVERGREEN has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2011 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of EVERGREEN has not materially changed since February 2011.

How Large is EVERGREEN?

EVERGREEN is 87m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 50% of detached houses houses in Great Steeping, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Steeping, and where EVERGREEN lies on this distribution: 45% of detached houses houses are smaller than EVERGREEN, and 55% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

EVERGREEN: Plot and Title Map

EVERGREEN sits on a plot of roughly 0.204 of an acre, or 825m². The below map shows the location of EVERGREEN, 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 EVERGREEN). 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 EVERGREEN?

EVERGREEN is located in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of EVERGREEN in GREAT STEEPING.