CROFT BANK, PEPPIN LANE, FOTHERBY, LOUTH, LN11 0UW - £205,000

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

CROFT BANK is a very small extended detached house of 55m², built sometime between 1900 and 1929. It was last sold for £205,000 in April 2022, which was around 22% below the average April 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was B.

CROFT BANK Sold Prices

Land registry data shows two sales for CROFT BANK 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 CROFT BANK sales 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
2022 1 APR	£205,000	£264,293	22% below HPI
1995 12 JAN	£37,000	£59,586	38% below HPI

CROFT BANK 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 CROFT BANK sales from January 1995 and April 2022 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 1995 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the April 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is CROFT BANK?

CROFT BANK is 55m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of detached houses in Fotherby, based on EPC data. The below chart shows the distribution of detached houses by size in Fotherby, and where CROFT BANK lies on this distribution: Less than 1% of detached houses are smaller than CROFT BANK, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Fotherby.

CROFT BANK: Plot and Title Map

CROFT BANK sits on a plot of roughly 0.154 of an acre, or 622m². The below map shows the location of CROFT BANK, 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 CROFT BANK). 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 CROFT BANK?

CROFT BANK is located on PEPPIN LANE in FOTHERBY, in the LN11 postcode district. The below map shows the position of CROFT BANK on PEPPIN LANE.