7, GORSE CLOSE, WOODHALL SPA, LN10 6YA - £68,000

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

7 GORSE CLOSE is a small extended detached house of 92m², built sometime between 1983 and 1990. It was last sold for £68,000 in June 1999, which was around 2% above the average June 1999 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2024, where the current energy rating was B, and the potential energy rating was A.

7 GORSE CLOSE Sold Prices

Land registry data shows three sales for 7 GORSE 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 7 GORSE 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
1999 18 JUN	£68,000	£66,527	2% above HPI
1997 25 JUN	£68,000	£60,100	13% above HPI
1996 12 JUL	£63,500	£56,877	12% above HPI

7 GORSE 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 7 GORSE CLOSE sales between July 1996 and June 1999 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 1997 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the June 1999 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 7 GORSE CLOSE?

7 GORSE CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the smallest 30% of detached houses in Woodhall Spa, based on EPC data. The below chart shows the distribution of detached houses by size in Woodhall Spa, and where 7 GORSE CLOSE lies on this distribution: 20% of detached houses are smaller than 7 GORSE CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Woodhall Spa.

7 GORSE CLOSE: Plot and Title Map

7 GORSE CLOSE sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 7 GORSE 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 7 GORSE 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 7 GORSE CLOSE?

7 GORSE CLOSE is located in WOODHALL SPA, in the LN10 postcode district. The below map shows the position of No. 7 on GORSE CLOSE.