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

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.

SPRINGSIDE is a large extended detached house of 172m², built sometime before 1900, which could now be worth an estimated £480,225. It was last sold for £355,000 in February 2018, which was around 68% 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	£211,608	68% above HPI
2014 6 JUN	£325,000	£176,720	84% 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 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the February 2018 sale, where it falls to 68% above the HPI. The line then continues to track at 68% above the HPI.

What might SPRINGSIDE be worth now?

SPRINGSIDE might now be worth an estimated £480,225.

This is based on house price inflation of 35.3%, between February 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 35.3% inflationary increase is applied to the most recent sale price for SPRINGSIDE of £355,000 on 12th February 2018. For the value to have increased from £355,000 to £480,225 over the seven years to February 2025, the following assumptions must hold true:

• The value of SPRINGSIDE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2018 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGSIDE has not materially changed since February 2018.

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 houses in Alvingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alvingham, and where SPRINGSIDE lies on this distribution: 69% of detached houses 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.