FERNDALE, STATION ROAD, LEGBOURNE, LOUTH, LN11 8LH - £95,000

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

FERNDALE is a very small extended detached house of 60m², built sometime between 1967 and 1975. It was last sold for £95,000 in July 2014, which was around 46% below the average July 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

FERNDALE Sold Prices

Land registry data shows five sales for FERNDALE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five FERNDALE 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
2014 30 JUL	£95,000	£174,550	46% below HPI
2012 28 AUG	£102,000	£164,970	38% below HPI
2006 6 NOV	£143,000	£176,362	19% below HPI
2000 24 MAR	£54,500	£72,210	25% below HPI
1997 28 AUG	£43,500	£61,297	29% below HPI

FERNDALE 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 five FERNDALE sales between August 1997 and July 2014 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 August 2012 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the July 2014 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is FERNDALE?

FERNDALE is 60m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of detached houses in Legbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Legbourne, and where FERNDALE lies on this distribution: Less than 1% of detached houses are smaller than FERNDALE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Legbourne.

FERNDALE: Plot and Title Map

FERNDALE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of FERNDALE, 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 FERNDALE). 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 FERNDALE?

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