5, MARTIN CLOSE, LOUTH, LN11 0SS - £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

5 MARTIN CLOSE is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £220,000 in June 2006, which was around 20% above the average June 2006 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was C.

5 MARTIN CLOSE Sold Prices

Land registry data shows three sales for 5 MARTIN 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 MARTIN 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
2006 14 JUN	£220,000	£183,212	20% above HPI
2001 14 DEC	£122,500	£92,325	33% above HPI
1998 29 JUN	£80,000	£62,599	28% above HPI

5 MARTIN 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 MARTIN CLOSE sales between June 1998 and June 2006 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 December 2001 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the June 2006 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 5 MARTIN CLOSE?

5 MARTIN CLOSE is 69m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 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 5 MARTIN CLOSE lies on this distribution: 9% of detached houses are smaller than 5 MARTIN CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Louth.

5 MARTIN CLOSE: Plot and Title Map

5 MARTIN CLOSE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 5 MARTIN 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 MARTIN 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 MARTIN CLOSE?

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