2 Letterbox Cottage, Spilsby
2 Letterbox Cottage, Spilsby
Description & Estimates
2 Letterbox Cottage, Spilsby is described in the public record as a period house with 742 ft2 of internal area.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 2 Letterbox Cottage, Spilsby is £301,962 and its rental estimate is £1,102 per month, given the available information and assuming reasonable condition.
Asgarby, Spilsby, PE23 falls within the PE23 postal district, in the borough of East Lindsey.
Our Data Sources
2 Letterbox Cottage, Spilsby has no records in the the Land Registry and a single entry in the EPC database dated March 2023.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 2 Letterbox Cottage, Spilsby, we estimate a market value of £317,060 and a rental value of £1,157 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £280,825 and £1,025 per month respectively.
Recent Market Change
Over the last year, 2 Letterbox Cottage, Spilsby has seen its estimated sale value move down by £2,372 (0.8%) and its estimated rental value increase by £56 per month (5.1%). This results in an estimated gross rental yield of 4.4%.
Energy Efficiency
2 Letterbox Cottage, Spilsby has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Mar 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Similar Properties Sold Nearby
Over the past 2 years 4 properties similar to 2 Letterbox Cottage, Spilsby have sold within a radius of 6.6 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th October 2021, was Green Meadows, North Beck Lane, Spilsby, PE23 5NB, a freehold house which sold for £255,000.
Read more about house prices in PE23.
- Sold Oct 2021£255,000 | 2 Bed HouseGreen Meadows, North Beck Lane, Spilsby, PE23 5NBGreen Meadows, North Beck Lane, Spilsby, PE23 5NB
- Sold Nov 2020£150,000 | 2 Bed House2 Stainsby Gate Cottages, Horncastle, LN9 6QU2 Stainsby Gate Cottages, Horncastle, LN9 6QU
- Sold Oct 2020£200,000 | 2 Bed House1 Stainsby Gate Cottages, Horncastle, LN9 6QU1 Stainsby Gate Cottages, Horncastle, LN9 6QU
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 7 addresses on Asgarby, Spilsby, PE23, 2 Letterbox Cottage, Spilsby comes out as the 7th largest and the 6th most expensive in our analysis of the public data.
It is also £63k more expensive than the average property across the PE23 district.
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Schools Nearby
- Spilsby Primary School7.1 km away
- Toynton All Saints Primary School7.2 km away
- Horncastle Primary School7.3 km away
- The Banovallum School6.9 km away
- King Edward VI Academy6.9 km away
- Queen Elizabeth's Grammar School, Horncastle8.0 km away
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Public Transport Nearby
From 2 Letterbox Cottage, Spilsby, the nearest station is Thorpe Culvert, 15.5 kilometres away.
- Thorpe Culvert|15.5 km away
- Wainfleet|18.5 km away
- Havenhouse|20.4 km away
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none Broadband is available in the area.
Risk of Flooding
The flood risk here is rated Very Low, based on Environment Agency data.
