7, PIPPIN CLOSE, LOUTH, LN11 9FF - £242,000

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 PIPPIN CLOSE is a very small detached house of 66m², built sometime between 1991 and 1995. It was last sold for £242,000 in March 2024, which was around 11% below the average March 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

7 PIPPIN CLOSE Sold Prices

Land registry data shows three sales for 7 PIPPIN 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. Two of the three 7 PIPPIN CLOSE sales were for below the average price, whilst one was 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
2024 22 MAR	£242,000	£271,306	11% below HPI
2006 29 SEP	£172,950	£176,340	2% below HPI
1995 5 APR	£61,000	£56,465	8% above HPI

7 PIPPIN 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 PIPPIN CLOSE sales between April 1995 and March 2024 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 September 2006 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 7 PIPPIN CLOSE?

7 PIPPIN CLOSE is 66m² according to the EPC inspection conducted in October 2021. 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 7 PIPPIN CLOSE lies on this distribution: 7% of detached houses are smaller than 7 PIPPIN CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Louth.

7 PIPPIN CLOSE: Plot and Title Map

7 PIPPIN CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 7 PIPPIN 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 PIPPIN 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 PIPPIN CLOSE?

7 PIPPIN CLOSE is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 7 on PIPPIN CLOSE.