5, WORCESTER CLOSE, LOUTH, LN11 9FG - £55,500

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 WORCESTER CLOSE is a very small detached house of 56m², built sometime between 1996 and 2002. It was last sold for £55,500 in July 2002, which was around 45% below the average July 2002 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

5 WORCESTER CLOSE Sold Prices

Land registry data shows two sales for 5 WORCESTER CLOSE 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 5 WORCESTER 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
2002 8 JUL	£55,500	£101,518	45% below HPI
1996 28 JUN	£49,950	£55,828	11% below HPI

5 WORCESTER 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 two 5 WORCESTER CLOSE sales from June 1996 and July 2002 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 June 1996 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2002 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 5 WORCESTER CLOSE?

5 WORCESTER CLOSE is 56m² according to the EPC inspection conducted in March 2016. 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 WORCESTER CLOSE lies on this distribution: 2% of detached houses are smaller than 5 WORCESTER CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Louth.

5 WORCESTER CLOSE: Plot and Title Map

5 WORCESTER CLOSE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 5 WORCESTER 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 WORCESTER 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 WORCESTER CLOSE?

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