2, GOSPELGATE MEWS, LOUTH, LN11 9JX - £336,500

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.

2 GOSPELGATE MEWS is a very small extended detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £354,242. It was last sold for £336,500 in March 2024, which was around 24% above the average March 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

2 GOSPELGATE MEWS Sold Prices

Land registry data shows two sales for 2 GOSPELGATE MEWS 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. One of the two 2 GOSPELGATE MEWS sales was for above the average price, whilst the other 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
2024 7 MAR	£336,500	£271,915	24% above HPI
2013 26 NOV	£166,000	£167,539	1% below HPI

2 GOSPELGATE MEWS 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 2 GOSPELGATE MEWS sales from November 2013 and March 2024 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 November 2013 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2024 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 2 GOSPELGATE MEWS be worth now?

2 GOSPELGATE MEWS might now be worth an estimated £354,242.

This is based on house price inflation of 5.3%, between March 2024 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 5.3% inflationary increase is applied to the most recent sale price for 2 GOSPELGATE MEWS of £336,500 on 7th March 2024. For the value to have increased from £336,500 to £354,242 over the one year and one month to February 2025, the following assumptions must hold true:

• The value of 2 GOSPELGATE MEWS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2024 sale price of £336,500 represented a fair market value for the property.
• The size, condition, and specification of 2 GOSPELGATE MEWS has not materially changed since March 2024.

How Large is 2 GOSPELGATE MEWS?

2 GOSPELGATE MEWS is 74m², which includes one extension, according to the EPC inspection conducted in August 2023. 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 2 GOSPELGATE MEWS lies on this distribution: 12% of detached houses houses are smaller than 2 GOSPELGATE MEWS, and 88% of houses are larger. Note that EPC data is not available for all properties in Louth.

2 GOSPELGATE MEWS: Plot and Title Map

2 GOSPELGATE MEWS sits on a plot of roughly 0.030 of an acre, or 123m². The below map shows the location of 2 GOSPELGATE MEWS, 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 2 GOSPELGATE MEWS). 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 2 GOSPELGATE MEWS?

2 GOSPELGATE MEWS is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 2 on GOSPELGATE MEWS.