1 Magellan Drive, Spilsby, PE23 5FB is a freehold semi-detached property built between 1996-2002. The property offers approximately 732 square feet of living space. In this location, properties of similar size usually have two bedrooms.

The estimated current market value of the property is £183,977 , which equates to approximately £251 per square foot. It was last sold on 27 Aug 2024 for £178,000. Since then, the value has increased by £5,977, representing a 3.4% increase, or approximately 2.6% per year.

The current estimated value of £183,977 is:

  • 10.6% lower than the average property price on Magellan Drive
  • 11.0% lower than the average in the PE23 5FB postcode area
  • and 8.6% lower than the average price for Spilsby as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 4 April 2024, the property was recorded as owner-occupied.

View sold house prices in PE23 5FB

Building approximate location

About Property

Type
Semi-Detached House
Built
1996-2002
Interior Size
732 sq ft
Tenure
Freehold
Price (estimate)
£183,977
Price Per sq ft (estimate)
£251
Bedroom Count (estimate)
2 bedrooms

EPC Summary

1 Magellan Drive, Spilsby, East Lindsey, Lincolnshire, PE23 5FB has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 4 Apr 2024.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 8 Sep 2012, and the property received the same rating of C with an unchanged energy efficiency score of 72.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, 250 mm loft insulation to pitched, 300 mm loft insulation, improving energy efficiency from good to very good.
  • The lighting was updated from low energy lighting in 67% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from good to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 300 mm loft insulation
Very Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to PE23 5FB

30 th / 39
Price Rank
11% lower than average
19 th / 28
Size Rank
14% smaller than average
14 th / 28
Price Per Sq FT Rank
3% higher than average

Compared to other properties in PE23 5FB , this house's estimated value ranks 30th out of 39. Based on price per square foot, it ranks 14th out of 28 properties. In terms of size, this home ranks 19th out of 28 properties in its postcode area.

Sale History

Today
£183,977
streetscan.co.uk estimate
+3 %
27 Aug 2024
£178,000
Leasehold
+2.9 %
15 Jul 2022
£173,000
Leasehold
+17.7 %
28 Jan 2021
£147,000
Leasehold
+27.8 %
4 Jul 2014
£115,000
Leasehold
-4.2 %
21 Feb 2006
£119,995
Leasehold
+58 %
23 Aug 2002
£75,950
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 5
size: 678 sq ft
sale price: £177,000
sale date: 29 Aug 2023
rooms: 5
size: 725 sq ft
sale price: £142,500
sale date: 12 Feb 2021
rooms: 5
size: 753 sq ft
sale price: £145,000
sale date: 26 Oct 2020
rooms: 5
size: 721 sq ft
sale price: £143,500
sale date: 20 Oct 2020
rooms: 4
size: 721 sq ft
sale price: £120,000
sale date: 6 Nov 2015

Data Sources

The property at 1 Magellan Drive, Spilsby, PE23 5FB appears six times in the Land Registry records, with the latest transaction recorded on 27 Aug 2024. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 4 Apr 2024. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.