1, GORSE LANE, LEASINGHAM, SLEAFORD, NG34 8JD - £180,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 GORSE LANE is a midsized extended detached house of 90m², built sometime between 1983 and 1990. It was last sold for £180,000 in October 2017, which was around 24% below the average October 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

1 GORSE LANE Sold Prices

Land registry data shows three sales for 1 GORSE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 1 GORSE LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 23 OCT	£180,000	£236,827	24% below HPI
1998 22 MAY	£50,000	£67,433	26% below HPI
1996 20 DEC	£51,500	£63,671	19% below HPI

1 GORSE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 1 GORSE LANE sales between December 1996 and October 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 1998 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2017 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1 GORSE LANE?

1 GORSE LANE is 90m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the largest 50% of detached houses in Leasingham, based on EPC data. The below chart shows the distribution of detached houses by size in Leasingham, and where 1 GORSE LANE lies on this distribution: 50% of detached houses are smaller than 1 GORSE LANE, and 48% of houses are larger. Note that EPC data is not available for all properties in Leasingham.

1 GORSE LANE: Plot and Title Map

1 GORSE LANE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 1 GORSE LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 GORSE LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 GORSE LANE?

1 GORSE LANE is located in LEASINGHAM, in the NG34 postcode district. The below map shows the position of No. 1 on GORSE LANE.