15, ORCHARD CLOSE, LOUTH, LN11 0BS - £145,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 ORCHARD CLOSE is a very small detached house of 76m², built sometime between 1976 and 1982. It was last sold for £145,000 in June 2014, which was around 18% below the average June 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

15 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 15 ORCHARD CLOSE 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 15 ORCHARD CLOSE 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
2014 6 JUN	£145,000	£176,720	18% below HPI
2005 23 DEC	£115,000	£173,357	34% below HPI

15 ORCHARD CLOSE 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 15 ORCHARD CLOSE sales from December 2005 and June 2014 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 December 2005 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2014 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 15 ORCHARD CLOSE be worth now?

15 ORCHARD CLOSE might now be worth an estimated £233,756.

This is based on house price inflation of 61.2%, between June 2014 and December 2024, 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 61.2% inflationary increase is applied to the most recent sale price for 15 ORCHARD CLOSE of £145,000 on 6th June 2014. For the value to have increased from £145,000 to £233,756 over the nine years and six months to December 2024, the following assumptions must hold true:

• The value of 15 ORCHARD CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2014 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 15 ORCHARD CLOSE has not materially changed since June 2014.

How Large is 15 ORCHARD CLOSE?

15 ORCHARD CLOSE is 76m² according to the EPC inspection conducted in March 2014. 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 15 ORCHARD CLOSE lies on this distribution: 14% of detached houses houses are smaller than 15 ORCHARD CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Louth.

15 ORCHARD CLOSE: Plot and Title Map

15 ORCHARD CLOSE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 15 ORCHARD CLOSE, 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 15 ORCHARD CLOSE). 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 15 ORCHARD CLOSE?

15 ORCHARD CLOSE is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 15 on ORCHARD CLOSE.