THIMBALS, HANBY LANE, WILLOUGHBY, ALFORD, LN13 9NJ - £225,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THIMBALS is a large extended detached house of 122m², built sometime between 1967 and 1975, which could now be worth an estimated £303,366. It was last sold for £225,000 in October 2017, which was around 6% above the average October 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2017, where the current energy rating was F, and the potential energy rating was C.

THIMBALS Sold Prices

Land registry data shows two sales for THIMBALS 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. Both of the two THIMBALS sales were for above 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
2017 31 OCT	£225,000	£212,307	6% above HPI
2002 15 AUG	£115,000	£107,027	7% above HPI

THIMBALS 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 THIMBALS sales from August 2002 and October 2017 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 August 2002 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2017 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might THIMBALS be worth now?

THIMBALS might now be worth an estimated £303,366.

This is based on house price inflation of 34.8%, between October 2017 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.8% inflationary increase is applied to the most recent sale price for THIMBALS of £225,000 on 31st October 2017. For the value to have increased from £225,000 to £303,366 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of THIMBALS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2017 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of THIMBALS has not materially changed since October 2017.

How Large is THIMBALS?

THIMBALS is 122m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the largest 40% of detached houses houses in Willoughby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willoughby, and where THIMBALS lies on this distribution: 70% of detached houses houses are smaller than THIMBALS, and 30% of houses are larger. Note that EPC data is not available for all properties in Willoughby.

THIMBALS: Plot and Title Map

THIMBALS sits on a plot of roughly 0.286 of an acre, or 1,158m². The below map shows the location of THIMBALS, 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 THIMBALS). 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 THIMBALS?

THIMBALS is located on HANBY LANE in WILLOUGHBY, in the LN13 postcode district. The below map shows the position of THIMBALS on HANBY LANE.