2, LODGE LANE, UPTON, GAINSBOROUGH, DN21 5NW - £120,000

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

2 LODGE LANE is a very large extended detached house of 168m², built sometime before 1900. It was last sold for £120,000 in December 2004, which was around 30% below the average December 2004 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

2 LODGE LANE Sold Prices

Land registry data shows two sales for 2 LODGE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 2 LODGE LANE 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
2004 20 DEC	£120,000	£171,463	30% below HPI
2002 26 JUL	£54,950	£103,382	47% below HPI

2 LODGE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 2 LODGE LANE sales from July 2002 and December 2004 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 2002 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the December 2004 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 LODGE LANE?

2 LODGE LANE is 168m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the largest 20% of detached houses in Upton, based on EPC data. The below chart shows the distribution of detached houses by size in Upton, and where 2 LODGE LANE lies on this distribution: 81% of detached houses are smaller than 2 LODGE LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Upton.

2 LODGE LANE: Plot and Title Map

2 LODGE LANE sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of 2 LODGE 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 2 LODGE 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 2 LODGE LANE?

2 LODGE LANE is located in UPTON, in the DN21 postcode district. The below map shows the position of No. 2 on LODGE LANE.