15, PARK LANE, ALFORD, LN13 9DN - £600,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 PARK LANE is a very large extended detached house of 297m², built sometime before 1900. It was last sold for £600,000 in September 2023, which was around 112% above the average September 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2023, where the current energy rating was E, and the potential energy rating was C.

15 PARK LANE Sold Prices

Land registry data shows three sales for 15 PARK 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 East Lindsey local authority area for the corresponding sale date. Two of the three 15 PARK LANE sales were for above the average price, whilst one was 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
2023 22 SEP	£600,000	£282,975	112% above HPI
2017 14 JUL	£390,000	£206,507	89% above HPI
1995 16 JUN	£50,000	£54,261	8% below HPI

15 PARK LANE 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 three 15 PARK LANE sales between June 1995 and September 2023 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 2017 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the September 2023 sale, where it rises to 112% above the HPI. The line then continues to track at 112% above the HPI.

How Large is 15 PARK LANE?

15 PARK LANE is 297m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the largest 10% of detached houses in Alford, based on EPC data. The below chart shows the distribution of detached houses by size in Alford, and where 15 PARK LANE lies on this distribution: More than 99% of detached houses are smaller than 15 PARK LANE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Alford.

15 PARK LANE: Plot and Title Map

15 PARK LANE sits on a plot of roughly 0.312 of an acre, or 1,264m². The below map shows the location of 15 PARK 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 15 PARK 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 15 PARK LANE?

15 PARK LANE is located in ALFORD, in the LN13 postcode district. The below map shows the position of No. 15 on PARK LANE.