7, STATION APPROACH, LOUTH, LN11 0PS - £180,000

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 STATION APPROACH is a very small detached house of 77m², built sometime between 1991 and 1995. It was last sold for £180,000 in November 2021, which was around 30% below the average November 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

7 STATION APPROACH Sold Prices

Land registry data shows three sales for 7 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. The three 7 STATION APPROACH sales were a mix of below the average price, roughly equal to the average price, and 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
2021 19 NOV	£180,000	£257,326	30% below HPI
1999 26 FEB	£64,000	£64,275	Close to HPI
1995 23 NOV	£57,950	£55,148	5% above HPI

7 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 7 STATION APPROACH sales between November 1995 and November 2021 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 February 1999 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 7 STATION APPROACH?

7 STATION APPROACH is 77m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% 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 STATION APPROACH lies on this distribution: 16% of detached houses are smaller than 7 STATION APPROACH, and 84% of houses are larger. Note that EPC data is not available for all properties in Louth.

7 STATION APPROACH: Plot and Title Map

7 STATION APPROACH sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 7 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 7 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 7 STATION APPROACH?

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