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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FORDWAY HOUSE is a small extended detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £314,819. It was last sold for £250,000 in December 2019, which was around 11% 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	£226,235	11% above HPI
1997 2 JUN	£82,000	£60,976	34% 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 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the December 2019 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might FORDWAY HOUSE be worth now?

FORDWAY HOUSE might now be worth an estimated £314,819.

This is based on house price inflation of 25.9%, between December 2019 and December 2024, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.9% inflationary increase is applied to the most recent sale price for FORDWAY HOUSE of £250,000 on 13th December 2019. For the value to have increased from £250,000 to £314,819 over the five years to December 2024, the following assumptions must hold true:

• The value of FORDWAY HOUSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2019 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of FORDWAY HOUSE has not materially changed since December 2019.

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 houses in Goulceby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Goulceby, and where FORDWAY HOUSE lies on this distribution: 30% of detached houses houses are smaller than FORDWAY HOUSE, and 70% 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.