BORLACE HOUSE, STATION ROAD, LEGBOURNE, LOUTH, LN11 8LH - £330,000

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

BORLACE HOUSE is a large extended detached house of 173m², built sometime before 1900. It was last sold for £330,000 in July 2016, which was around 75% above the average July 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was C.

BORLACE HOUSE Sold Prices

Land registry data shows two sales for BORLACE HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. One of the two BORLACE HOUSE sales was for above the average price, whilst the other was 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
2016 11 JUL	£330,000	£189,070	75% above HPI
2000 18 JAN	£50,000	£72,598	31% below HPI

BORLACE HOUSE 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 two BORLACE HOUSE sales from January 2000 and July 2016 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 January 2000 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2016 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

How Large is BORLACE HOUSE?

BORLACE HOUSE is 173m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 30% of detached houses in Legbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Legbourne, and where BORLACE HOUSE lies on this distribution: 79% of detached houses are smaller than BORLACE HOUSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Legbourne.

BORLACE HOUSE: Plot and Title Map

BORLACE HOUSE sits on a plot of roughly 0.180 of an acre, or 727m². The below map shows the location of BORLACE HOUSE, 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 BORLACE HOUSE). 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 BORLACE HOUSE?

BORLACE HOUSE is located on STATION ROAD in LEGBOURNE, in the LN11 postcode district. The below map shows the position of BORLACE HOUSE on STATION ROAD.