THE SMIDDY, GREAT STEEPING, SPILSBY, PE23 5PT - £140,000

THE SMIDDY is a large extended detached house of 112m², built sometime before 1900. It was last sold for £140,000 in August 2019, which was around 37% below the average August 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was G, and the potential energy rating was D.

THE SMIDDY Sold Prices

Land registry data shows two sales for THE SMIDDY 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 SMIDDY 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
2019 23 AUG	£140,000	£221,272	37% below HPI
2003 12 JUN	£90,000	£133,913	33% below HPI

THE SMIDDY 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 SMIDDY sales from June 2003 and August 2019 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 June 2003 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2019 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is THE SMIDDY?

THE SMIDDY is 112m², which includes two extensions, according to the EPC inspection conducted in September 2014. This puts it in the largest 40% of detached houses in Great Steeping, based on EPC data. The below chart shows the distribution of detached houses by size in Great Steeping, and where THE SMIDDY lies on this distribution: 62% of detached houses are smaller than THE SMIDDY, and 36% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

THE SMIDDY: Plot and Title Map

THE SMIDDY sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of THE SMIDDY, 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 SMIDDY). 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 SMIDDY?

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