3, MICHAELS WAY, LEGBOURNE, LOUTH, LN11 8NG - £490,000

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

3 MICHAELS WAY is a very large detached house of 202m², which could now be worth an estimated £590,937. It was last sold for £490,000 in February 2021, which was around 107% above the average February 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2020, where the current energy rating was B, and the potential energy rating was B.

3 MICHAELS WAY Sold Prices

Land registry data shows two sales for 3 MICHAELS WAY 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 MICHAELS WAY 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
2021 4 FEB	£490,000	£236,230	107% above HPI
2018 28 SEP	£325,000	£225,953	44% above HPI

3 MICHAELS WAY 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 MICHAELS WAY sales from September 2018 and February 2021 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 2018 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the February 2021 sale, where it rises to 107% above the HPI. The line then continues to track at 107% above the HPI.

What might 3 MICHAELS WAY be worth now?

3 MICHAELS WAY might now be worth an estimated £590,937.

This is based on house price inflation of 20.6%, between February 2021 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 20.6% inflationary increase is applied to the most recent sale price for 3 MICHAELS WAY of £490,000 on 4th February 2021. For the value to have increased from £490,000 to £590,937 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 3 MICHAELS WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2021 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MICHAELS WAY has not materially changed since February 2021.

How Large is 3 MICHAELS WAY?

3 MICHAELS WAY is 202m² according to the EPC inspection conducted in November 2020. This puts it in the largest 20% of detached houses houses in Legbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Legbourne, and where 3 MICHAELS WAY lies on this distribution: 89% of detached houses houses are smaller than 3 MICHAELS WAY, and 10% of houses are larger. Note that EPC data is not available for all properties in Legbourne.

3 MICHAELS WAY: Plot and Title Map

3 MICHAELS WAY sits on a plot of roughly 0.199 of an acre, or 807m². The below map shows the location of 3 MICHAELS WAY, 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 MICHAELS WAY). 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 MICHAELS WAY?

3 MICHAELS WAY is located in LEGBOURNE, in the LN11 postcode district. The below map shows the position of No. 3 on MICHAELS WAY.