40, WESTGATE, LOUTH, LN11 9YD - £635,000

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

40 WESTGATE is a very large extended detached house of 270m², built sometime before 1900. It was last sold for £635,000 in March 2021, which was around 172% above the average March 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was C.

40 WESTGATE Sold Prices

Land registry data shows two sales for 40 WESTGATE 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 40 WESTGATE 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 5 MAR	£635,000	£233,062	172% above HPI
1997 26 MAR	£195,000	£55,546	251% above HPI

40 WESTGATE 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 40 WESTGATE sales from March 1997 and March 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 March 1997 sale was for 251% above the HPI. So the extrapolation line tracks at 251% above the HPI over time, until the March 2021 sale, where it falls to 172% above the HPI. The line then continues to track at 172% above the HPI.

How Large is 40 WESTGATE?

40 WESTGATE is 270m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 10% of detached houses in Louth, based on EPC data. The below chart shows the distribution of detached houses by size in Louth, and where 40 WESTGATE lies on this distribution: 98% of detached houses are smaller than 40 WESTGATE, and 2% of houses are larger. Note that EPC data is not available for all properties in Louth.

40 WESTGATE: Plot and Title Map

40 WESTGATE sits on a plot of roughly 0.217 of an acre, or 878m². The below map shows the location of 40 WESTGATE, 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 40 WESTGATE). 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 40 WESTGATE?

40 WESTGATE is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 40 on WESTGATE.