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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). 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 2% 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	£286,696	2% below HPI
2003 17 JUL	£131,500	£137,997	5% below HPI
1999 1 OCT	£59,950	£68,759	13% below HPI
1995 23 JUN	£49,000	£55,052	11% 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 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2022 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 2 MINSTER DRIVE be worth now?

2 MINSTER DRIVE might now be worth an estimated £278,238.

This is based on house price deflation of 0.6%, between November 2022 and December 2024, 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 0.6% deflationary decrease is applied to the most recent sale price for 2 MINSTER DRIVE of £280,000 on 11th November 2022. For the value to have decreased from £280,000 to £278,238 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 MINSTER DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MINSTER DRIVE has not materially changed since November 2022.

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 houses in Louth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Louth, and where 2 MINSTER DRIVE lies on this distribution: 11% of detached houses 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.