THE GABLES, BANK END, NORTH SOMERCOTES, LOUTH, LN11 7LN - £350,000

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 GABLES is a very large extended detached house of 199m², built sometime between 1967 and 1975. It was last sold for £350,000 in July 2023, which was around 27% above the average July 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2017, where the current energy rating was F, and the potential energy rating was E.

THE GABLES Sold Prices

Land registry data shows two sales for THE GABLES 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. One of the two THE GABLES sales was for above the average price, whilst the other was 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
2023 28 JUL	£350,000	£275,032	27% above HPI
2019 24 MAY	£185,000	£216,678	15% below HPI

THE GABLES 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 GABLES sales from May 2019 and July 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2023 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is THE GABLES?

THE GABLES is 199m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the largest 10% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where THE GABLES lies on this distribution: 93% of detached houses are smaller than THE GABLES, and 7% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

THE GABLES: Plot and Title Map

THE GABLES sits on a plot of roughly 0.171 of an acre, or 692m². The below map shows the location of THE GABLES, 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 GABLES). 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 GABLES?

THE GABLES is located on BANK END in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of THE GABLES on BANK END.