Fernlea, Spilsby
Fernlea, Spilsby
Description & Estimates
Public records show Fernlea, Spilsby to be a period freehold house with 1,625 ft2 of internal area, sitting on a 3,419 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
Fernlea, Spilsby has an estimated sale value of £399,132 and an estimated rental value of £1,272 per month, assuming reasonable condition and based on the information available.
Main Road, West Keal, Spilsby, PE23 lies in the borough of East Lindsey, within the PE23 postal district.
Our Data Sources
Fernlea, Spilsby has a single entry in the Land Registry from July 2020 and a single entry in the EPC database dated November 2013.
We combine this information with that 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
In very good condition, we estimate Fernlea, Spilsby would be worth £419,089, with a potential rental value of £1,336 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £371,193, with a rental value of £1,183 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Fernlea, Spilsby has declined by £19,015 (4.8%) over the last year. During the same period, its estimated monthly rental value has climbed by £19 (1.5%). The property's estimated gross yield is currently 3.8%.
Plot Size
Fernlea, Spilsby occupies a 3,419 m2 plot as recorded by HM Land Registry.
Of the 51 other houses in this postcode, 42 have recorded plot sizes, and this one ranks as the 4th largest.
Energy Efficiency
Fernlea, Spilsby has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Nov 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
Fernlea, Spilsby last changed hands on 15th July 2020, selling for £338,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 14.5% since July 2020.
- Sold Jul 2020£338,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.3 kilometres of Fernlea, Spilsby across the last 2 years.
Most recently, Glebe House, School Lane, Spilsby, PE23 4AU, a freehold house, sold at £330,000 on the 10th February 2021.
Read more about house prices in PE23.
- Sold Feb 2021£330,000 | 4 Bed HouseGlebe House, School Lane, Spilsby, PE23 4AUGlebe House, School Lane, Spilsby, PE23 4AU
- Sold Feb 2016£250,000 | 4 Bed HouseBramble Lodge, Church Lane, Spilsby, PE23 4BGBramble Lodge, Church Lane, Spilsby, PE23 4BG
- Sold Aug 2008£275,000 | 4 Bed HouseBell House, Church Lane, Spilsby, PE23 4BGBell House, Church Lane, Spilsby, PE23 4BG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Fernlea, Spilsby as the 11th largest and the most expensive of the 55 addresses on Main Road, West Keal, Spilsby, PE23.
Against the PE23 postcode district average, it is £155k more expensive than the typical property.
More reading links
Schools Nearby
- 2.9kmToynton All Saints Primary School
- 4.8kmSpilsby Primary School
- 5.3kmHalton Holegate CofE Primary School
- 4.7kmKing Edward VI Academy
- 6.8kmWilliam Lovell Church of England Academy
- 11.6kmThe Banovallum School
More reading links
Public Transport Nearby
Thorpe Culvert station is the nearest stop to Fernlea, Spilsby at 11.0 kilometres away.
- 11.0kmThorpe Culvert
- 13.9kmWainfleet
- 16.0kmHavenhouse
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
