1, Old School Mews
1, Old School Mews
Description & Estimates
1, Old School Mews, Spilsby is described in the public record as a period house with 785 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 1, Old School Mews, Spilsby is £183,648 and its rental estimate is £872 per month, given the available information and assuming reasonable condition.
Old School Mews, Spilsby, PE23 falls within the PE23 postal district, in the borough of East Lindsey.
Our Data Sources
1, Old School Mews, Spilsby has no records in the the Land Registry and a single entry in the EPC database dated July 2020.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Old School Mews, Spilsby, we estimate a market value of £192,831 and a rental value of £915 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £170,793 and £811 per month respectively.
Recent Market Change
Over the last year, 1, Old School Mews, Spilsby has seen its estimated sale value move down by £5,684 (3.1%) and its estimated rental value increase by £29 per month (3.4%). This results in an estimated gross rental yield of 5.7%.
Energy Efficiency
1, Old School Mews, Spilsby has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Jul 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Old School Mews, Spilsby have sold within a radius of 2.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd November 2024, was 3, Old School Mews, Spilsby, PE23 5QU, a freehold house which sold for £156,000.
Read more about house prices in PE23.
- Sold Nov 2024£156,000 | 3 Bed House3, Old School Mews, Spilsby, PE23 5QU3, Old School Mews, Spilsby, PE23 5QU
- Sold Nov 2024£156,000 | 3 Bed House2, Old School Mews, Spilsby, PE23 5QU2, Old School Mews, Spilsby, PE23 5QU
- Sold May 2023£135,000 | 3 Bed House17, Simpson Street, Spilsby, PE23 5LG17, Simpson Street, Spilsby, PE23 5LG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 27 addresses on Old School Mews, Spilsby, PE23, 1, Old School Mews, Spilsby comes out as the 9th largest and the 10th most expensive in our analysis of the public data.
It is also £60k less expensive than the average property across the PE23 district.
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Schools Nearby
- 500mSpilsby Primary School
- 1.6kmHalton Holegate CofE Primary School
- 2.5kmPartney Church of England Aided Primary School
- 700mKing Edward VI Academy
- 10.6kmQueen Elizabeth's Grammar Alford - A Selective Academy
- 11.0kmJohn Spendluffe Foundation Technology College
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Public Transport Nearby
From 1, Old School Mews, Spilsby, the nearest station is Thorpe Culvert, 8.6 kilometres away.
- 8.6kmThorpe Culvert
- 11.7kmWainfleet
- 13.2kmHavenhouse
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
