THE LODGE, MOUNT PLEASANT, LOUTH, LN11 9DN - £360,000

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 large detached house of 223m², built sometime between 1996 and 2002. It was last sold for £360,000 in March 2015, which was around 106% above the average March 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

THE LODGE Sold Prices

Land registry data shows three sales for THE LODGE 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. Two of the three THE LODGE sales were for above the average price, whilst one 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
2015 31 MAR	£360,000	£174,460	106% above HPI
2003 10 JAN	£272,500	£118,614	130% above HPI
1998 25 SEP	£40,000	£65,381	39% below HPI

THE LODGE 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 LODGE sales between September 1998 and March 2015 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 January 2003 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the March 2015 sale, where it falls to 106% above the HPI. The line then continues to track at 106% above the HPI.

How Large is THE LODGE?

THE LODGE is 223m² according to the EPC inspection conducted in September 2009. This puts it in the largest 10% of detached houses in Louth, based on EPC data. The below chart shows the distribution of detached houses by size in Louth, and where THE LODGE lies on this distribution: 95% of detached houses are smaller than THE LODGE, and 5% of houses are larger. Note that EPC data is not available for all properties in Louth.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.265 of an acre, or 1,074m². 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 MOUNT PLEASANT in LOUTH, in the LN11 postcode district. The below map shows the position of THE LODGE on MOUNT PLEASANT.