11, GORSE LANE, LEASINGHAM, SLEAFORD, NG34 8JD - £155,000

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

11 GORSE LANE is a midsized extended detached house of 89m², built sometime between 1991 and 1995. It was last sold for £155,000 in June 2006, which was around 15% below the average June 2006 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

11 GORSE LANE Sold Prices

Land registry data shows three sales for 11 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. Two of the three 11 GORSE LANE sales were for below the average price, whilst one was for above 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
2006 26 JUN	£155,000	£183,174	15% below HPI
2004 26 JUL	£159,000	£168,745	6% below HPI
2004 8 JAN	£165,000	£157,870	5% above HPI

11 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 11 GORSE LANE sales between January 2004 and June 2006 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 July 2004 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2006 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 11 GORSE LANE?

11 GORSE LANE is 89m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the smallest 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 11 GORSE LANE lies on this distribution: 48% of detached houses are smaller than 11 GORSE LANE, and 51% of houses are larger. Note that EPC data is not available for all properties in Leasingham.

11 GORSE LANE: Plot and Title Map

11 GORSE LANE sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of 11 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 11 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 11 GORSE LANE?

11 GORSE LANE is located in LEASINGHAM, in the NG34 postcode district. The below map shows the position of No. 11 on GORSE LANE.