5, STATION APPROACH, LOUTH, LN11 0PS - £255,000

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 STATION APPROACH is a small extended detached house of 93m², built sometime between 1991 and 1995. It was last sold for £255,000 in March 2023, which was around 10% below the average March 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

5 STATION APPROACH Sold Prices

Land registry data shows three sales for 5 STATION APPROACH 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 STATION APPROACH 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 31 MAR	£255,000	£282,466	10% below HPI
2021 16 APR	£222,000	£232,750	5% below HPI
2013 18 JUL	£141,000	£164,032	14% below HPI

5 STATION APPROACH 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 STATION APPROACH sales between July 2013 and March 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 April 2021 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2023 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 5 STATION APPROACH?

5 STATION APPROACH is 93m², which includes one extension, according to the EPC inspection conducted in January 2013. 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 5 STATION APPROACH lies on this distribution: 31% of detached houses are smaller than 5 STATION APPROACH, and 67% of houses are larger. Note that EPC data is not available for all properties in Louth.

5 STATION APPROACH: Plot and Title Map

5 STATION APPROACH sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 5 STATION APPROACH, 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 STATION APPROACH). 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 STATION APPROACH?

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