ASHLEA, CHURCH LANE, LEGBOURNE, LOUTH, LN11 8LN - £290,000

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

ASHLEA is a very small extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £290,000 in December 2023, which was around 6% above the average December 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

ASHLEA Sold Prices

Land registry data shows three sales for ASHLEA 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. One of the three ASHLEA sales was for above the average price, whilst two 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
2023 1 DEC	£290,000	£274,269	6% above HPI
2020 1 DEC	£220,000	£233,083	6% below HPI
1997 29 AUG	£51,000	£61,297	17% below HPI

ASHLEA 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 ASHLEA sales between August 1997 and December 2023 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 December 2020 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2023 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is ASHLEA?

ASHLEA is 88m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses in Legbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Legbourne, and where ASHLEA lies on this distribution: 13% of detached houses are smaller than ASHLEA, and 87% of houses are larger. Note that EPC data is not available for all properties in Legbourne.

ASHLEA: Plot and Title Map

ASHLEA sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of ASHLEA, 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 ASHLEA). 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 ASHLEA?

ASHLEA is located on CHURCH LANE in LEGBOURNE, in the LN11 postcode district. The below map shows the position of ASHLEA on CHURCH LANE.