PETWOOD, SHORT LANE, FOTHERBY, LOUTH, LN11 0TE - £196,500

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

PETWOOD is a small detached house of 94m², built sometime between 1967 and 1975. It was last sold for £196,500 in August 2015, which was around 6% above the average August 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

PETWOOD Sold Prices

Land registry data shows three sales for PETWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three PETWOOD sales were for above the average price, whilst one 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
2015 14 AUG	£196,500	£184,958	6% above HPI
2012 20 FEB	£180,000	£158,370	14% above HPI
2001 16 AUG	£72,000	£83,628	14% below HPI

PETWOOD 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 three PETWOOD sales between August 2001 and August 2015 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 2012 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2015 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is PETWOOD?

PETWOOD is 94m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 40% of detached houses in Fotherby, based on EPC data. The below chart shows the distribution of detached houses by size in Fotherby, and where PETWOOD lies on this distribution: 40% of detached houses are smaller than PETWOOD, and 60% of houses are larger. Note that EPC data is not available for all properties in Fotherby.

PETWOOD: Plot and Title Map

PETWOOD sits on a plot of roughly 0.139 of an acre, or 564m². The below map shows the location of PETWOOD, 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 PETWOOD). 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 PETWOOD?

PETWOOD is located on SHORT LANE in FOTHERBY, in the LN11 postcode district. The below map shows the position of PETWOOD on SHORT LANE.