SPRINGSIDE, HIGH BRIDGE ROAD, ALVINGHAM, LOUTH, LN11 0QF - £355,000

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

SPRINGSIDE is a large extended detached house of 172m², built sometime before 1900. It was last sold for £355,000 in February 2018, which was around 70% above the average February 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was E, and the potential energy rating was C.

SPRINGSIDE Sold Prices

Land registry data shows two sales for SPRINGSIDE 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 SPRINGSIDE 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 12 FEB	£355,000	£208,569	70% above HPI
2014 6 JUN	£325,000	£174,182	87% above HPI

SPRINGSIDE 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 SPRINGSIDE sales from June 2014 and February 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 June 2014 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the February 2018 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is SPRINGSIDE?

SPRINGSIDE is 172m², which includes three extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 30% of detached houses in Alvingham, based on EPC data. The below chart shows the distribution of detached houses by size in Alvingham, and where SPRINGSIDE lies on this distribution: 69% of detached houses are smaller than SPRINGSIDE, and 26% of houses are larger. Note that EPC data is not available for all properties in Alvingham.

SPRINGSIDE: Plot and Title Map

SPRINGSIDE sits on a plot of roughly 1.2 acres, or 4,698m². The below map shows the location of SPRINGSIDE, 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 SPRINGSIDE). 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 SPRINGSIDE?

SPRINGSIDE is located on HIGH BRIDGE ROAD in ALVINGHAM, in the LN11 postcode district. The below map shows the position of SPRINGSIDE on HIGH BRIDGE ROAD.