THORSWAY, SHOP LANE, GOULCEBY, LOUTH, LN11 9UW - £275,000

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

THORSWAY is a very small extended detached house of 102m², built sometime between 1983 and 1990. It was last sold for £275,000 in September 2017, which was around 31% above the average September 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was C.

THORSWAY Sold Prices

Land registry data shows three sales for THORSWAY 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. All of the three THORSWAY 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 7 SEP	£275,000	£210,398	31% above HPI
2006 15 NOV	£247,000	£176,362	40% above HPI
1998 18 AUG	£81,250	£64,389	26% above HPI

THORSWAY 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 THORSWAY sales between August 1998 and September 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 November 2006 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the September 2017 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is THORSWAY?

THORSWAY is 102m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% of detached houses in Goulceby, based on EPC data. The below chart shows the distribution of detached houses by size in Goulceby, and where THORSWAY lies on this distribution: 12% of detached houses are smaller than THORSWAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Goulceby.

THORSWAY: Plot and Title Map

THORSWAY sits on a plot of roughly 0.416 of an acre, or 1,682m². The below map shows the location of THORSWAY, 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 THORSWAY). 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 THORSWAY?

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