THE VINES, MILL LANE, SALTFLEET, LOUTH, LN11 7SA - £189,000

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 VINES is a very small detached house of 29m², built sometime between 1930 and 1949. It was last sold for £189,000 in April 2023, which was around 32% below the average April 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

THE VINES Sold Prices

Land registry data shows four sales for THE VINES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four THE VINES 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
2023 19 APR	£189,000	£276,881	32% below HPI
2021 21 APR	£123,000	£232,750	47% below HPI
2021 26 FEB	£100,000	£232,837	57% below HPI
1997 14 APR	£42,000	£58,054	28% below HPI

THE VINES 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 four THE VINES sales between April 1997 and April 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 April 2021 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the April 2023 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is THE VINES?

THE VINES is 29m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 10% 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 VINES lies on this distribution: Less than 1% of detached houses are smaller than THE VINES, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Saltfleet.

THE VINES: Plot and Title Map

THE VINES sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of THE VINES, 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 VINES). 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 VINES?

THE VINES is located on MILL LANE in SALTFLEET, in the LN11 postcode district. The below map shows the position of THE VINES on MILL LANE.