BURNSIDE, BUTT LANE, GOULCEBY, LOUTH, LN11 9UP - £280,000

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

BURNSIDE is a very small detached house of 70m², built sometime between 1976 and 1982. It was last sold for £280,000 in January 2017, which was around 41% above the average January 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.

BURNSIDE Sold Prices

Land registry data shows two sales for BURNSIDE 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. Both of the two BURNSIDE sales were 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
2017 19 JAN	£280,000	£198,825	41% above HPI
2011 4 JUL	£225,000	£168,467	34% above HPI

BURNSIDE 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 BURNSIDE sales from July 2011 and January 2017 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 July 2011 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the January 2017 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is BURNSIDE?

BURNSIDE is 70m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of detached houses in Goulceby, based on EPC data. The below chart shows the distribution of detached houses by size in Goulceby, and where BURNSIDE lies on this distribution: 5% of detached houses are smaller than BURNSIDE, and 95% of houses are larger. Note that EPC data is not available for all properties in Goulceby.

BURNSIDE: Plot and Title Map

BURNSIDE sits on a plot of roughly 0.398 of an acre, or 1,611m². The below map shows the location of BURNSIDE, 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 BURNSIDE). 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 BURNSIDE?

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