FORDWAY HOUSE, FORD WAY, GOULCEBY, LOUTH, LN11 9WD - £250,000

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

FORDWAY HOUSE is a small extended detached house of 116m², built sometime between 1967 and 1975. It was last sold for £250,000 in December 2019, which was around 12% above the average December 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was C.

FORDWAY HOUSE Sold Prices

Land registry data shows two sales for FORDWAY 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. Both of the two FORDWAY HOUSE 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
2019 13 DEC	£250,000	£222,986	12% above HPI
1997 2 JUN	£82,000	£60,100	36% above HPI

FORDWAY 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 FORDWAY HOUSE sales from June 1997 and December 2019 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 June 1997 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the December 2019 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is FORDWAY HOUSE?

FORDWAY HOUSE is 116m², which includes four extensions, according to the EPC inspection conducted in September 2018. 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 FORDWAY HOUSE lies on this distribution: 28% of detached houses are smaller than FORDWAY HOUSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Goulceby.

FORDWAY HOUSE: Plot and Title Map

FORDWAY HOUSE sits on a plot of roughly 0.304 of an acre, or 1,231m². The below map shows the location of FORDWAY 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 FORDWAY 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 FORDWAY HOUSE?

FORDWAY HOUSE is located on FORD WAY in GOULCEBY, in the LN11 postcode district. The below map shows the position of FORDWAY HOUSE on FORD WAY.