BRIDGE HOUSE, BUTT LANE, GOULCEBY, LOUTH, LN11 9UP - £375,000

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

BRIDGE HOUSE is a small extended detached house of 112m², built sometime before 1900. It was last sold for £375,000 in November 2023, which was around 36% above the average November 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2023, where the current energy rating was F, and the potential energy rating was B.

BRIDGE HOUSE Sold Prices

Land registry data shows three sales for BRIDGE HOUSE 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 BRIDGE HOUSE sales were for above the average price, whilst one 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
2023 24 NOV	£375,000	£275,385	36% above HPI
2013 14 FEB	£169,000	£157,348	7% above HPI
2006 15 DEC	£160,000	£177,830	10% below HPI

BRIDGE 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 three BRIDGE HOUSE sales between December 2006 and November 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 February 2013 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the November 2023 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is BRIDGE HOUSE?

BRIDGE HOUSE is 112m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 30% of detached houses in Goulceby, based on EPC data. The below chart shows the distribution of detached houses by size in Goulceby, and where BRIDGE HOUSE lies on this distribution: 23% of detached houses are smaller than BRIDGE HOUSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Goulceby.

BRIDGE HOUSE: Plot and Title Map

BRIDGE HOUSE sits on a plot of roughly 0.237 of an acre, or 961m². The below map shows the location of BRIDGE 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 BRIDGE 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 BRIDGE HOUSE?

BRIDGE HOUSE is located on BUTT LANE in GOULCEBY, in the LN11 postcode district. The below map shows the position of BRIDGE HOUSE on BUTT LANE.