7, PARK LANE, ALFORD, LN13 9DN - £229,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 PARK LANE is a very large detached house of 152m², built sometime between 1950 and 1966. It was last sold for £229,000 in July 2008, which was around 29% above the average July 2008 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

7 PARK LANE Sold Prices

Land registry data shows three sales for 7 PARK LANE 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 PARK LANE 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
2008 9 JUL	£229,000	£177,442	29% above HPI
2005 6 MAY	£210,000	£171,373	23% above HPI
1997 20 OCT	£79,950	£61,363	30% above HPI

7 PARK LANE 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 PARK LANE sales between October 1997 and July 2008 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 May 2005 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the July 2008 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 7 PARK LANE?

7 PARK LANE is 152m² according to the EPC inspection conducted in April 2012. This puts it in the largest 20% of detached houses in Alford, based on EPC data. The below chart shows the distribution of detached houses by size in Alford, and where 7 PARK LANE lies on this distribution: 89% of detached houses are smaller than 7 PARK LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Alford.

7 PARK LANE: Plot and Title Map

7 PARK LANE sits on a plot of roughly 0.145 of an acre, or 588m². The below map shows the location of 7 PARK LANE, 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 PARK LANE). 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 PARK LANE?

7 PARK LANE is located in ALFORD, in the LN13 postcode district. The below map shows the position of No. 7 on PARK LANE.