5, ALBANY CLOSE, LOUTH, LN11 8EA - £365,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 ALBANY CLOSE is a very large extended detached house of 155m², built sometime between 2003 and 2006, which could now be worth an estimated £521,773. It was last sold for £365,000 in December 2016, which was around 82% above the average December 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was C.

5 ALBANY CLOSE Sold Prices

Land registry data shows three sales for 5 ALBANY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 5 ALBANY 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
2016 7 DEC	£365,000	£200,244	82% above HPI
2012 16 JAN	£275,000	£164,747	67% above HPI
2006 24 MAR	£275,000	£170,812	61% above HPI

5 ALBANY 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 three 5 ALBANY CLOSE sales between March 2006 and December 2016 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 January 2012 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the December 2016 sale, where it rises to 82% above the HPI. The line then continues to track at 82% above the HPI.

What might 5 ALBANY CLOSE be worth now?

5 ALBANY CLOSE might now be worth an estimated £521,773.

This is based on house price inflation of 43%, between December 2016 and February 2025, 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 43% inflationary increase is applied to the most recent sale price for 5 ALBANY CLOSE of £365,000 on 7th December 2016. For the value to have increased from £365,000 to £521,773 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 ALBANY CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2016 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ALBANY CLOSE has not materially changed since December 2016.

How Large is 5 ALBANY CLOSE?

5 ALBANY CLOSE is 155m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 20% 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 5 ALBANY CLOSE lies on this distribution: 81% of detached houses houses are smaller than 5 ALBANY CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Louth.

5 ALBANY CLOSE: Plot and Title Map

5 ALBANY CLOSE sits on a plot of roughly 0.153 of an acre, or 618m². The below map shows the location of 5 ALBANY 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 5 ALBANY 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 5 ALBANY CLOSE?

5 ALBANY CLOSE is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 5 on ALBANY CLOSE.