2, MINSTER DRIVE, LOUTH, LN11 8SN - £280,000

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

2 MINSTER DRIVE is a very small detached house of 73m², built sometime between 1976 and 1982. It was last sold for £280,000 in November 2022, which was around 1% below the average November 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

2 MINSTER DRIVE Sold Prices

Land registry data shows four sales for 2 MINSTER DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 2 MINSTER DRIVE 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 11 NOV	£280,000	£282,579	1% below HPI
2003 17 JUL	£131,500	£136,015	3% below HPI
1999 1 OCT	£59,950	£67,772	12% below HPI
1995 23 JUN	£49,000	£54,261	10% below HPI

2 MINSTER DRIVE 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 four 2 MINSTER DRIVE sales between June 1995 and November 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 July 2003 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 2 MINSTER DRIVE?

2 MINSTER DRIVE is 73m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 20% of detached houses in Louth, based on EPC data. The below chart shows the distribution of detached houses by size in Louth, and where 2 MINSTER DRIVE lies on this distribution: 12% of detached houses are smaller than 2 MINSTER DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Louth.

2 MINSTER DRIVE: Plot and Title Map

2 MINSTER DRIVE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 2 MINSTER DRIVE, 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 MINSTER DRIVE). 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 MINSTER DRIVE?

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