18, LEAGATE ROAD, GIPSEY BRIDGE, BOSTON, PE22 7BU - £175,000

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

18 LEAGATE ROAD is a very small extended detached house of 91m², built sometime between 1950 and 1966. It was last sold for £175,000 in May 2022, which was around 35% below the average May 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2024, where the current energy rating was E, and the potential energy rating was C.

18 LEAGATE ROAD Sold Prices

Land registry data shows three sales for 18 LEAGATE ROAD 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. All of the three 18 LEAGATE ROAD 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 20 MAY	£175,000	£269,782	35% below HPI
2012 13 JAN	£121,000	£162,381	25% below HPI
1998 2 OCT	£31,500	£64,551	51% below HPI

18 LEAGATE ROAD 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 18 LEAGATE ROAD sales between October 1998 and May 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 January 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 18 LEAGATE ROAD?

18 LEAGATE ROAD is 91m², which includes two extensions, according to the EPC inspection conducted in August 2024. This puts it in the smallest 20% of detached houses in Gipsey Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Gipsey Bridge, and where 18 LEAGATE ROAD lies on this distribution: 14% of detached houses are smaller than 18 LEAGATE ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Gipsey Bridge.

18 LEAGATE ROAD: Plot and Title Map

18 LEAGATE ROAD sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 18 LEAGATE ROAD, 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 18 LEAGATE ROAD). 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 18 LEAGATE ROAD?

18 LEAGATE ROAD is located in GIPSEY BRIDGE, in the PE22 postcode district. The below map shows the position of No. 18 on LEAGATE ROAD.