20, PARK LANE, ALFORD, LN13 9DN - £150,000

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

20 PARK LANE is a large extended semi-detached house of 127m², built sometime between 1900 and 1929. It was last sold for £150,000 in March 2023, which was around 47% below the average March 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

20 PARK LANE Sold Prices

Land registry data shows five sales for 20 PARK LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five 20 PARK 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
2023 1 MAR	£150,000	£282,466	47% below HPI
2015 11 SEP	£83,000	£187,244	56% below HPI
2007 3 OCT	£109,995	£188,072	42% below HPI
2007 1 AUG	£73,000	£192,296	62% below HPI
2000 5 OCT	£39,000	£75,544	48% below HPI

20 PARK LANE 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 five 20 PARK LANE sales between October 2000 and March 2023 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 September 2015 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the March 2023 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 20 PARK LANE?

20 PARK LANE is 127m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the largest 30% of detached houses in Alford, based on EPC data. The below chart shows the distribution of detached houses by size in Alford, and where 20 PARK LANE lies on this distribution: 75% of detached houses are smaller than 20 PARK LANE, and 24% of houses are larger. Note that EPC data is not available for all properties in Alford.

20 PARK LANE: Plot and Title Map

20 PARK LANE sits on a plot of roughly 0.027 of an acre, or 111m². The below map shows the location of 20 PARK 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 20 PARK 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 20 PARK LANE?

20 PARK LANE is located in ALFORD, in the LN13 postcode district. The below map shows the position of No. 20 on PARK LANE.