THE BUNGALOW, WARREN ROAD, SALTFLEET, LOUTH, LN11 7RU - £250,000

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

THE BUNGALOW is a small detached house of 100m², built sometime between 1950 and 1966. It was last sold for £250,000 in October 2022, which was around 11% below the average October 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2023, where the current energy rating was F, and the potential energy rating was C.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW 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 THE BUNGALOW sales 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
2022 28 OCT	£250,000	£279,885	11% below HPI
2021 24 NOV	£192,000	£257,326	25% 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 two THE BUNGALOW sales from November 2021 and October 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 November 2021 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 100m² according to the EPC inspection conducted in December 2023. This puts it in the smallest 40% of detached houses in Saltfleet, based on EPC data. The below chart shows the distribution of detached houses by size in Saltfleet, and where THE BUNGALOW lies on this distribution: 36% of detached houses are smaller than THE BUNGALOW, and 60% 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 0.239 of an acre, or 969m². 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 WARREN ROAD in SALTFLEET, in the LN11 postcode district. The below map shows the position of THE BUNGALOW on WARREN ROAD.