3, GORSE CLOSE, WOODHALL SPA, LN10 6YA - £220,000

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

3 GORSE CLOSE is a very small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £220,000 in November 2014, which was around 24% above the average November 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

3 GORSE CLOSE Sold Prices

Land registry data shows two sales for 3 GORSE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 3 GORSE CLOSE sales were for above 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
2014 27 NOV	£220,000	£177,608	24% above HPI
2014 2 JUL	£180,000	£174,550	3% above HPI

3 GORSE CLOSE 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 two 3 GORSE CLOSE sales from July 2014 and November 2014 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 2014 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2014 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 3 GORSE CLOSE?

3 GORSE CLOSE is 83m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 20% of detached houses in Woodhall Spa, based on EPC data. The below chart shows the distribution of detached houses by size in Woodhall Spa, and where 3 GORSE CLOSE lies on this distribution: 10% of detached houses are smaller than 3 GORSE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Woodhall Spa.

3 GORSE CLOSE: Plot and Title Map

3 GORSE CLOSE sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of 3 GORSE CLOSE, 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 GORSE CLOSE). 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 GORSE CLOSE?

3 GORSE CLOSE is located in WOODHALL SPA, in the LN10 postcode district. The below map shows the position of No. 3 on GORSE CLOSE.