THE BUNGALOW, GRANGE LANE, UTTERBY, LOUTH, LN11 0TS - £260,000

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.

THE BUNGALOW is a very small detached house of 81m², built sometime between 1950 and 1966, which could now be worth an estimated £323,179. It was last sold for £260,000 in March 2019, which was around 13% above the average March 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was C.

THE BUNGALOW Sold Prices

Land registry data shows three sales for THE BUNGALOW 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. One of the three THE BUNGALOW sales was for above the average price, whilst two 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
2019 18 MAR	£260,000	£230,292	13% above HPI
2009 12 FEB	£158,500	£168,955	6% below HPI
1998 17 AUG	£58,950	£65,327	10% below HPI

THE BUNGALOW 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 BUNGALOW sales between August 1998 and March 2019 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 February 2009 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2019 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might THE BUNGALOW be worth now?

THE BUNGALOW might now be worth an estimated £323,179.

This is based on house price inflation of 24.3%, between March 2019 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 24.3% inflationary increase is applied to the most recent sale price for THE BUNGALOW of £260,000 on 18th March 2019. For the value to have increased from £260,000 to £323,179 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of THE BUNGALOW has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2019 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of THE BUNGALOW has not materially changed since March 2019.

How Large is THE BUNGALOW?

THE BUNGALOW is 81m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses houses in Utterby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Utterby, and where THE BUNGALOW lies on this distribution: 12% of detached houses houses are smaller than THE BUNGALOW, and 88% of houses are larger. Note that EPC data is not available for all properties in Utterby.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.213 of an acre, or 861m². The below map shows the location of THE BUNGALOW, 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 BUNGALOW). 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 BUNGALOW?

THE BUNGALOW is located on GRANGE LANE in UTTERBY, in the LN11 postcode district. The below map shows the position of THE BUNGALOW on GRANGE LANE.