THE LODGE, MAIN ROAD, DUNSTON, LINCOLN, LN4 2EZ - £225,000

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 LODGE is a very small extended detached house of 84m², built sometime before 1900. It was last sold for £225,000 in June 2021, which was around 18% below the average June 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2018, where the current energy rating was F, and the potential energy rating was D.

THE LODGE Sold Prices

Land registry data shows four sales for THE LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four THE LODGE 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
2021 10 JUN	£225,000	£275,516	18% below HPI
2017 9 JUN	£165,000	£238,419	31% below HPI
2006 21 SEP	£175,000	£187,600	7% below HPI
2000 9 FEB	£72,500	£73,433	1% below HPI

THE LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The four THE LODGE sales between February 2000 and June 2021 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 June 2017 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is THE LODGE?

THE LODGE is 84m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% of detached houses in Dunston, based on EPC data. The below chart shows the distribution of detached houses by size in Dunston, and where THE LODGE lies on this distribution: 8% of detached houses are smaller than THE LODGE, and 91% of houses are larger. Note that EPC data is not available for all properties in Dunston.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.215 of an acre, or 871m². The below map shows the location of THE LODGE, 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 LODGE). 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 LODGE?

THE LODGE is located on MAIN ROAD in DUNSTON, in the LN4 postcode district. The below map shows the position of THE LODGE on MAIN ROAD.