5, ORCHARD CLOSE, LOUTH, LN11 0BS - £260,000

5 ORCHARD CLOSE is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £260,000 in April 2023, which was around 7% below the average April 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

5 ORCHARD CLOSE Sold Prices

Land registry data shows four sales for 5 ORCHARD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 5 ORCHARD CLOSE 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 21 APR	£260,000	£279,143	7% below HPI
2019 11 JAN	£176,000	£223,095	21% below HPI
2016 22 AUG	£140,000	£189,466	26% below HPI
1997 27 JUN	£54,950	£60,100	9% below HPI

5 ORCHARD 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 four 5 ORCHARD CLOSE sales between June 1997 and April 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 January 2019 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the April 2023 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 5 ORCHARD CLOSE?

5 ORCHARD CLOSE is 80m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% 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 ORCHARD CLOSE lies on this distribution: 19% of detached houses are smaller than 5 ORCHARD CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Louth.

5 ORCHARD CLOSE: Plot and Title Map

5 ORCHARD CLOSE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 5 ORCHARD 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 ORCHARD 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 ORCHARD CLOSE?

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