THORNGATE, WATERY LANE, GOULCEBY, LOUTH, LN11 9UR - £450,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THORNGATE is a midsized extended detached house of 131m², built sometime between 1967 and 1975. It was last sold for £450,000 in July 2023, which was around 64% above the average July 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

THORNGATE Sold Prices

Land registry data shows two sales for THORNGATE 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 THORNGATE 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
2023 21 JUL	£450,000	£275,032	64% above HPI
1998 9 MAR	£86,500	£61,233	41% above HPI

THORNGATE 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 THORNGATE sales from March 1998 and July 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 March 1998 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the July 2023 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is THORNGATE?

THORNGATE is 131m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 50% of detached houses in Goulceby, based on EPC data. The below chart shows the distribution of detached houses by size in Goulceby, and where THORNGATE lies on this distribution: 42% of detached houses are smaller than THORNGATE, and 58% of houses are larger. Note that EPC data is not available for all properties in Goulceby.

THORNGATE: Plot and Title Map

THORNGATE sits on a plot of roughly 1.8 acres, or 7,084m². The below map shows the location of THORNGATE, 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 THORNGATE). 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 THORNGATE?

THORNGATE is located on WATERY LANE in GOULCEBY, in the LN11 postcode district. The below map shows the position of THORNGATE on WATERY LANE.