Flat, Red Lion Inn
Flat, Red Lion Inn
Description & Estimates
Flat, Red Lion Inn, Spilsby is described in the public record as a period apartment with 344 ft2 of internal area.
Locally, apartments of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of Flat, Red Lion Inn, Spilsby is £51,532 and its rental estimate is £365 per month, given the available information and assuming reasonable condition.
Raithby, Spilsby, PE23 falls within the PE23 postal district, in the borough of East Lindsey.
Our Data Sources
Flat, Red Lion Inn, Spilsby has no records in the the Land Registry and a single entry in the EPC database dated September 2014.
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 Flat, Red Lion Inn, Spilsby, we estimate a market value of £54,109 and a rental value of £383 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £47,925 and £339 per month respectively.
Recent Market Change
Over the last year, Flat, Red Lion Inn, Spilsby has seen its estimated sale value fall by £470 (0.9%) and its estimated rental value move up by £20 per month (5.6%). This results in an estimated gross rental yield of 8.5%.
Energy Efficiency
Flat, Red Lion Inn, Spilsby has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Sep 2014.
The property is not connected to mains gas and has single glazed windows. It is heated using Community scheme.
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 3.4 kilometres of Flat, Red Lion Inn, Spilsby, per the Land Registry and our network of Estate Agents.
The latest, on the 20th December 2023, was Tennyson Cottage, Spilsby, PE23 4DS, a freehold house which sold for £235,000.
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 61 addresses on Raithby, Spilsby, PE23, Flat, Red Lion Inn, Spilsby comes out as the 61st largest and the 58th most expensive in our analysis of the public data.
It is also £192k less expensive than the average property across the PE23 district.
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Schools Nearby
- 2.9kmSpilsby Primary School
- 4.1kmPartney Church of England Aided Primary School
- 4.2kmToynton All Saints Primary School
- 2.8kmKing Edward VI Academy
- 10.8kmWilliam Lovell Church of England Academy
- 11.0kmThe Banovallum School
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Public Transport Nearby
From Flat, Red Lion Inn, Spilsby, the nearest station is Thorpe Culvert, 11.9 kilometres away.
- 11.9kmThorpe Culvert
- 14.9kmWainfleet
- 16.6kmHavenhouse
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.
