RICHMOND, STEWTON LANE, LOUTH, LN11 8RZ - £340,000

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.

RICHMOND is a large extended detached house of 135m², built sometime between 1967 and 1975, which could now be worth an estimated £458,932. It was last sold for £340,000 in May 2018, which was around 60% above the average May 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

RICHMOND Sold Prices

Land registry data shows two sales for RICHMOND 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 RICHMOND sales were for above 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 MAY	£340,000	£212,070	60% above HPI
2011 20 SEP	£215,000	£171,097	26% above HPI

RICHMOND 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 RICHMOND sales from September 2011 and May 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 September 2011 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2018 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might RICHMOND be worth now?

RICHMOND might now be worth an estimated £458,932.

This is based on house price inflation of 35%, between May 2018 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 35% inflationary increase is applied to the most recent sale price for RICHMOND of £340,000 on 29th May 2018. For the value to have increased from £340,000 to £458,932 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of RICHMOND has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2018 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of RICHMOND has not materially changed since May 2018.

How Large is RICHMOND?

RICHMOND is 135m², which includes three extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 30% of detached houses houses in Louth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Louth, and where RICHMOND lies on this distribution: 69% of detached houses houses are smaller than RICHMOND, and 29% of houses are larger. Note that EPC data is not available for all properties in Louth.

RICHMOND: Plot and Title Map

RICHMOND sits on a plot of roughly 0.301 of an acre, or 1,220m². The below map shows the location of RICHMOND, 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 RICHMOND). 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 RICHMOND?

RICHMOND is located on STEWTON LANE in LOUTH, in the LN11 postcode district. The below map shows the position of RICHMOND on STEWTON LANE.