3, ALEXANDER DRIVE, LOUTH, LN11 8QG - £189,950

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

3 ALEXANDER DRIVE is a very small detached house of 54m², built sometime between 1983 and 1990, which could now be worth an estimated £189,085. It was last sold for £189,950 in September 2023, which was around 34% below the average September 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

3 ALEXANDER DRIVE Sold Prices

Land registry data shows six sales for 3 ALEXANDER DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the six 3 ALEXANDER 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
2023 18 SEP	£189,950	£286,196	34% below HPI
2014 21 AUG	£137,500	£177,344	22% below HPI
2006 30 MAY	£128,000	£181,899	30% below HPI
2003 17 APR	£86,500	£125,285	31% below HPI
2001 27 MAR	£58,000	£76,906	25% below HPI
1997 10 OCT	£48,000	£62,257	23% below HPI

3 ALEXANDER 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 six 3 ALEXANDER DRIVE sales between October 1997 and September 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 August 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2023 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 3 ALEXANDER DRIVE be worth now?

3 ALEXANDER DRIVE might now be worth an estimated £189,085.

This is based on house price deflation of 0.5%, between September 2023 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 0.5% deflationary decrease is applied to the most recent sale price for 3 ALEXANDER DRIVE of £189,950 on 18th September 2023. For the value to have decreased from £189,950 to £189,085 over the nine months to December 2024, the following assumptions must hold true:

• The value of 3 ALEXANDER DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2023 sale price of £189,950 represented a fair market value for the property.
• The size, condition, and specification of 3 ALEXANDER DRIVE has not materially changed since September 2023.

How Large is 3 ALEXANDER DRIVE?

3 ALEXANDER DRIVE is 54m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% 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 3 ALEXANDER DRIVE lies on this distribution: 2% of detached houses houses are smaller than 3 ALEXANDER DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Louth.

3 ALEXANDER DRIVE: Plot and Title Map

3 ALEXANDER DRIVE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 3 ALEXANDER 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 3 ALEXANDER 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 3 ALEXANDER DRIVE?

3 ALEXANDER DRIVE is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 3 on ALEXANDER DRIVE.