LANGOLD, CONISHOLME ROAD, NORTH SOMERCOTES, LOUTH, LN11 7PS - £160,000

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

LANGOLD is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £160,000 in June 2018, which was around 24% below the average June 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

LANGOLD Sold Prices

Land registry data shows four sales for LANGOLD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four LANGOLD 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
2018 29 JUN	£160,000	£210,621	24% below HPI
2002 27 AUG	£98,000	£105,490	7% below HPI
2001 18 MAY	£65,000	£80,623	19% below HPI
1998 22 MAY	£55,000	£60,945	10% below HPI

LANGOLD 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 four LANGOLD sales between May 1998 and June 2018 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 2002 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2018 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is LANGOLD?

LANGOLD is 72m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where LANGOLD lies on this distribution: 13% of detached houses are smaller than LANGOLD, and 86% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

LANGOLD: Plot and Title Map

LANGOLD sits on a plot of roughly 0.202 of an acre, or 819m². The below map shows the location of LANGOLD, 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 LANGOLD). 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 LANGOLD?

LANGOLD is located on CONISHOLME ROAD in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of LANGOLD on CONISHOLME ROAD.