OLD SCHOOL HOUSE, TOP LANE, GOULCEBY, LOUTH, LN11 9UB - £219,995

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

OLD SCHOOL HOUSE is a small extended detached house of 127m², built sometime before 1900, which could now be worth an estimated £375,877. It was last sold for £219,995 in November 2013, which was around 31% above the average November 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2011, where the current energy rating was F, and the potential energy rating was E.

OLD SCHOOL HOUSE Sold Prices

Land registry data shows two sales for OLD SCHOOL 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. One of the two OLD SCHOOL HOUSE sales was for above the average price, whilst the other was 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
2013 22 NOV	£219,995	£167,539	31% above HPI
2001 31 AUG	£81,000	£84,846	5% below HPI

OLD SCHOOL 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 OLD SCHOOL HOUSE sales from August 2001 and November 2013 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 2001 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2013 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might OLD SCHOOL HOUSE be worth now?

OLD SCHOOL HOUSE might now be worth an estimated £375,877.

This is based on house price inflation of 70.9%, between November 2013 and February 2025, 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 70.9% inflationary increase is applied to the most recent sale price for OLD SCHOOL HOUSE of £219,995 on 22nd November 2013. For the value to have increased from £219,995 to £375,877 over the twelve years and nine months to February 2025, the following assumptions must hold true:

• The value of OLD SCHOOL HOUSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2013 sale price of £219,995 represented a fair market value for the property.
• The size, condition, and specification of OLD SCHOOL HOUSE has not materially changed since November 2013.

How Large is OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is 127m², which includes two extensions, according to the EPC inspection conducted in July 2011. This puts it in the smallest 40% 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 OLD SCHOOL HOUSE lies on this distribution: 39% of detached houses houses are smaller than OLD SCHOOL HOUSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Goulceby.

OLD SCHOOL HOUSE: Plot and Title Map

OLD SCHOOL HOUSE sits on a plot of roughly 0.310 of an acre, or 1,256m². The below map shows the location of OLD SCHOOL 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 OLD SCHOOL 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 OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is located on TOP LANE in GOULCEBY, in the LN11 postcode district. The below map shows the position of OLD SCHOOL HOUSE on TOP LANE.