THE BUNGALOW, MILL LANE, SALTFLEET, LOUTH, LN11 7SA - £375,000

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 80m², built sometime between 1967 and 1975, which could now be worth an estimated £397,460. It was last sold for £375,000 in January 2022, which was around 39% above the average January 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2012, where the current energy rating was G, and the potential energy rating was F.

THE BUNGALOW Sold Prices

Land registry data shows five sales for THE BUNGALOW since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the five THE BUNGALOW 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
2022 13 JAN	£375,000	£270,076	39% above HPI
2017 13 APR	£174,965	£206,656	15% below HPI
2003 27 NOV	£145,000	£141,448	3% above HPI
2000 22 MAY	£84,950	£73,116	16% above HPI
1998 25 SEP	£60,000	£66,334	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 five THE BUNGALOW sales between September 1998 and January 2022 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 April 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2022 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might THE BUNGALOW be worth now?

THE BUNGALOW might now be worth an estimated £397,460.

This is based on house price inflation of 6%, between January 2022 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 6% inflationary increase is applied to the most recent sale price for THE BUNGALOW of £375,000 on 13th January 2022. For the value to have increased from £375,000 to £397,460 over the two years and eleven months 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 January 2022 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of THE BUNGALOW has not materially changed since January 2022.

How Large is THE BUNGALOW?

THE BUNGALOW is 80m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 20% of detached houses houses in Saltfleet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Saltfleet, and where THE BUNGALOW lies on this distribution: 19% of detached houses houses are smaller than THE BUNGALOW, and 81% of houses are larger. Note that EPC data is not available for all properties in Saltfleet.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.292 of an acre, or 1,180m². 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 MILL LANE in SALTFLEET, in the LN11 postcode district. The below map shows the position of THE BUNGALOW on MILL LANE.