THE BEECHES, HORNCASTLE ROAD, GOULCEBY, LOUTH, LN11 9WB - £900,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE BEECHES is a very large extended detached house of 226m², built sometime between 1991 and 1995. It was last sold for £900,000 in March 2023, which was around 219% above the average March 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

THE BEECHES Sold Prices

Land registry data shows three sales for THE BEECHES 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. All of the three THE BEECHES 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
2023 23 MAR	£900,000	£282,466	219% above HPI
2019 1 MAY	£580,000	£216,678	168% above HPI
2001 1 OCT	£245,000	£88,982	175% above HPI

THE BEECHES 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 THE BEECHES sales between October 2001 and March 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 May 2019 sale was for 168% above the HPI. So the extrapolation line tracks at 168% above the HPI over time, until the March 2023 sale, where it rises to 219% above the HPI. The line then continues to track at 219% above the HPI.

How Large is THE BEECHES?

THE BEECHES is 226m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 20% of detached houses in Goulceby, based on EPC data. The below chart shows the distribution of detached houses by size in Goulceby, and where THE BEECHES lies on this distribution: 84% of detached houses are smaller than THE BEECHES, and 16% of houses are larger. Note that EPC data is not available for all properties in Goulceby.

THE BEECHES: Plot and Title Map

THE BEECHES sits on a plot of roughly 3.4 acres, or 13,887m². The below map shows the location of THE BEECHES, 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 THE BEECHES). 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 THE BEECHES?

THE BEECHES is located on HORNCASTLE ROAD in GOULCEBY, in the LN11 postcode district. The below map shows the position of THE BEECHES on HORNCASTLE ROAD.