THE WILLOWS, MILL LANE, LEGBOURNE, LOUTH, LN11 8LT - £425,000

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 WILLOWS is a very small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £425,000 in September 2023, which was around 50% above the average September 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

THE WILLOWS Sold Prices

Land registry data shows two sales for THE WILLOWS 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 WILLOWS 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 15 SEP	£425,000	£282,975	50% above HPI
2017 26 MAY	£174,950	£200,860	13% below HPI

THE WILLOWS 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 WILLOWS sales from May 2017 and September 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 2017 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2023 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is THE WILLOWS?

THE WILLOWS is 86m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 20% of detached houses in Legbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Legbourne, and where THE WILLOWS lies on this distribution: 10% of detached houses are smaller than THE WILLOWS, and 90% of houses are larger. Note that EPC data is not available for all properties in Legbourne.

THE WILLOWS: Plot and Title Map

THE WILLOWS sits on a plot of roughly 0.223 of an acre, or 902m². The below map shows the location of THE WILLOWS, 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 WILLOWS). 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 WILLOWS?

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