Chapel Cottage, Spilsby
Chapel Cottage, Spilsby
Description & Estimates
Chapel Cottage, Spilsby is recorded publicly as a period freehold house across 1,463 ft2 of internal area, sitting on a 218 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of Chapel Cottage, Spilsby is £285,928 and its rental estimate is £1,131 per month, given the available information and assuming reasonable condition.
Lusby, Spilsby, PE23 falls within the PE23 postal district, in the borough of East Lindsey.
Our Data Sources
Chapel Cottage, Spilsby has 2 entries in the Land Registry , most recently in March 2024 and a single entry in the EPC database dated July 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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 Chapel Cottage, Spilsby, we estimate a market value of £300,224 and a rental value of £1,188 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £265,913 and £1,052 per month respectively.
Recent Market Change
Over the last year, Chapel Cottage, Spilsby has seen its estimated sale value drop by £13,622 (4.8%) and its estimated rental value rise by £17 per month (1.5%). This results in an estimated gross rental yield of 4.7%.
Plot Size
HM Land Registry records the plot of land for Chapel Cottage, Spilsby as measuring 218 m2.
That makes it the 12th largest plot in the postcode, where 12 of the 24 other houses have recorded plot data.
Energy Efficiency
Chapel Cottage, Spilsby has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 19 Jul 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of Chapel Cottage, Spilsby completed on 28th March 2024 at £270,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 12.0% over the period since March 2024.
- Sold Mar 2024£270,000
- Sold Sep 2020£225,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Chapel Cottage, Spilsby have sold within a radius of 6.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th June 2021, was Ashwell House, Manor Road, Spilsby, PE23 4LL, a freehold house which sold for £276,000.
Read more about house prices in PE23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 27 addresses on Lusby, Spilsby, PE23, Chapel Cottage, Spilsby comes out as the 13th largest and the 16th most expensive in our analysis of the public data.
It is also £42k more expensive than the average property across the PE23 district.
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Schools Nearby
- 6.3kmSpilsby Primary School
- 6.9kmThe Edward Richardson Primary School, Tetford
- 7.0kmToynton All Saints Primary School
- 6.2kmKing Edward VI Academy
- 7.6kmThe Banovallum School
- 8.6kmQueen Elizabeth's Grammar School, Horncastle
More reading links
Public Transport Nearby
From Chapel Cottage, Spilsby, the nearest station is Thorpe Culvert, 15.1 kilometres away.
- 15.1kmThorpe Culvert
- 18.1kmWainfleet
- 19.9kmHavenhouse
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.
