TEIGNGRACE, GREAT STEEPING, SPILSBY, PE23 5PT - £282,500

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.

TEIGNGRACE is a midsized extended detached house of 112m², built sometime between 1976 and 1982, which could now be worth an estimated £353,774. It was last sold for £282,500 in October 2018, which was around 27% above the average October 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

TEIGNGRACE Sold Prices

Land registry data shows four sales for TEIGNGRACE 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. Most of the four TEIGNGRACE 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
2018 25 OCT	£282,500	£221,942	27% above HPI
2016 21 JUL	£244,950	£191,825	28% above HPI
2007 6 JAN	£195,000	£180,604	8% above HPI
2000 7 APR	£72,000	£73,459	2% below HPI

TEIGNGRACE 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 TEIGNGRACE sales between April 2000 and October 2018 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 July 2016 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the October 2018 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might TEIGNGRACE be worth now?

TEIGNGRACE might now be worth an estimated £353,774.

This is based on house price inflation of 25.2%, between October 2018 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 25.2% inflationary increase is applied to the most recent sale price for TEIGNGRACE of £282,500 on 25th October 2018. For the value to have increased from £282,500 to £353,774 over the eight years and three months to July 2026, the following assumptions must hold true:

• The value of TEIGNGRACE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2018 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of TEIGNGRACE has not materially changed since October 2018.

How Large is TEIGNGRACE?

TEIGNGRACE is 112m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 40% 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 TEIGNGRACE lies on this distribution: 60% of detached houses houses are smaller than TEIGNGRACE, and 38% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

TEIGNGRACE: Plot and Title Map

TEIGNGRACE sits on a plot of roughly 0.272 of an acre, or 1,102m². The below map shows the location of TEIGNGRACE, 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 TEIGNGRACE). 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 TEIGNGRACE?

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