10, PETREL DRIVE, LOUTH, LN11 0ZG - £230,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

10 PETREL DRIVE is a very small detached house of 79m², which could now be worth an estimated £235,384. It was last sold for £230,000 in August 2022, which was around 18% below the average August 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2018, where the current energy rating was B, and the potential energy rating was A.

10 PETREL DRIVE Sold Prices

Land registry data shows two sales for 10 PETREL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 10 PETREL DRIVE 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
2022 17 AUG	£230,000	£279,704	18% below HPI
2018 27 APR	£183,000	£208,219	12% below HPI

10 PETREL DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 10 PETREL DRIVE sales from April 2018 and August 2022 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 April 2018 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2022 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 10 PETREL DRIVE be worth now?

10 PETREL DRIVE might now be worth an estimated £235,384.

This is based on house price inflation of 2.3%, between August 2022 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% inflationary increase is applied to the most recent sale price for 10 PETREL DRIVE of £230,000 on 17th August 2022. For the value to have increased from £230,000 to £235,384 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 10 PETREL DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 10 PETREL DRIVE has not materially changed since August 2022.

How Large is 10 PETREL DRIVE?

10 PETREL DRIVE is 79m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 20% of detached houses houses in Louth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Louth, and where 10 PETREL DRIVE lies on this distribution: 17% of detached houses houses are smaller than 10 PETREL DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Louth.

10 PETREL DRIVE: Plot and Title Map

10 PETREL DRIVE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 10 PETREL DRIVE, 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 10 PETREL DRIVE). 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 10 PETREL DRIVE?

10 PETREL DRIVE is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 10 on PETREL DRIVE.