4, ALPHA TERRACE, LOUTH, LN11 9BD - £215,000

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

4 ALPHA TERRACE is a small detached house of 97m², built in 2018. It was last sold for £215,000 in May 2023, which was around 21% below the average May 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2021, where the current energy rating was B, and the potential energy rating was A.

4 ALPHA TERRACE Sold Prices

Land registry data shows two sales for 4 ALPHA TERRACE 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 4 ALPHA TERRACE 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 5 MAY	£215,000	£271,486	21% below HPI
2022 5 AUG	£191,500	£275,687	31% below HPI

4 ALPHA TERRACE 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 4 ALPHA TERRACE sales from August 2022 and May 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 2022 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 4 ALPHA TERRACE?

4 ALPHA TERRACE is 97m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 40% of detached houses in Louth, based on EPC data. The below chart shows the distribution of detached houses by size in Louth, and where 4 ALPHA TERRACE lies on this distribution: 36% of detached houses are smaller than 4 ALPHA TERRACE, and 63% of houses are larger. Note that EPC data is not available for all properties in Louth.

4 ALPHA TERRACE: Plot and Title Map

4 ALPHA TERRACE sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of 4 ALPHA TERRACE, 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 4 ALPHA TERRACE). 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 4 ALPHA TERRACE?

4 ALPHA TERRACE is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 4 on ALPHA TERRACE.