REDCOTE, WARREN ROAD, SALTFLEET, LOUTH, LN11 7RU - £220,000

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

REDCOTE is a small extended detached house of 81m², built sometime between 1930 and 1949. It was last sold for £220,000 in February 2023, which was around 22% below the average February 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2024, where the current energy rating was E, and the potential energy rating was D.

REDCOTE Sold Prices

Land registry data shows six sales for REDCOTE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the six REDCOTE 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
2023 10 FEB	£220,000	£283,795	22% below HPI
2019 27 SEP	£173,000	£221,456	22% below HPI
2017 12 DEC	£148,000	£208,598	29% below HPI
2006 30 OCT	£158,000	£176,185	10% below HPI
2000 1 DEC	£62,500	£76,936	19% below HPI
1996 22 JAN	£49,000	£55,926	12% below HPI

REDCOTE 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 six REDCOTE sales between January 1996 and February 2023 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 September 2019 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2023 sale, which was also at 22% below the HPI.

How Large is REDCOTE?

REDCOTE is 81m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the smallest 30% of detached houses in Saltfleet, based on EPC data. The below chart shows the distribution of detached houses by size in Saltfleet, and where REDCOTE lies on this distribution: 23% of detached houses are smaller than REDCOTE, and 77% of houses are larger. Note that EPC data is not available for all properties in Saltfleet.

REDCOTE: Plot and Title Map

REDCOTE sits on a plot of roughly 0.193 of an acre, or 780m². The below map shows the location of REDCOTE, 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 REDCOTE). 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 REDCOTE?

REDCOTE is located on WARREN ROAD in SALTFLEET, in the LN11 postcode district. The below map shows the position of REDCOTE on WARREN ROAD.