FOUR GABLES, OLD MAIN ROAD, SCAMBLESBY, LOUTH, LN11 9XG - £180,000

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

FOUR GABLES is a very small detached house of 97m², built sometime between 1967 and 1975. It was last sold for £180,000 in June 2016, which was around 6% below the average June 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

FOUR GABLES Sold Prices

Land registry data shows two sales for FOUR GABLES 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 FOUR GABLES 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
2016 10 JUN	£180,000	£190,990	6% below HPI
2002 1 FEB	£86,000	£93,882	8% below HPI

FOUR GABLES 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 FOUR GABLES sales from February 2002 and June 2016 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 February 2002 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2016 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is FOUR GABLES?

FOUR GABLES is 97m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of detached houses in Scamblesby, based on EPC data. The below chart shows the distribution of detached houses by size in Scamblesby, and where FOUR GABLES lies on this distribution: 13% of detached houses are smaller than FOUR GABLES, and 87% of houses are larger. Note that EPC data is not available for all properties in Scamblesby.

FOUR GABLES: Plot and Title Map

FOUR GABLES sits on a plot of roughly 0.156 of an acre, or 630m². The below map shows the location of FOUR GABLES, 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 FOUR GABLES). 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 FOUR GABLES?

FOUR GABLES is located on OLD MAIN ROAD in SCAMBLESBY, in the LN11 postcode district. The below map shows the position of FOUR GABLES on OLD MAIN ROAD.