THE BUNGALOW, MAIN ROAD, WEST KEAL, SPILSBY, PE23 4BE - £315,000

THE BUNGALOW is a small extended detached house of 88m², built sometime between 1900 and 1929. It was last sold for £315,000 in October 2021, which was around 25% above the average October 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2020, where the current energy rating was F, and the potential energy rating was D.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two THE BUNGALOW 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
2021 27 OCT	£315,000	£251,466	25% above HPI
1999 6 AUG	£77,500	£67,835	14% above HPI

THE BUNGALOW 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 two THE BUNGALOW sales from August 1999 and October 2021 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 August 1999 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the October 2021 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 88m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 30% of detached houses in West Keal, based on EPC data. The below chart shows the distribution of detached houses by size in West Keal, and where THE BUNGALOW lies on this distribution: 28% of detached houses are smaller than THE BUNGALOW, and 73% of houses are larger. Note that EPC data is not available for all properties in West Keal.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 1.3 acres, or 5,437m². The below map shows the location of THE BUNGALOW, 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 THE BUNGALOW). 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 THE BUNGALOW?

THE BUNGALOW is located on MAIN ROAD in WEST KEAL, in the PE23 postcode district. The below map shows the position of THE BUNGALOW on MAIN ROAD.