WATERSIDE, COWLE LANE, LEGBOURNE, LOUTH, LN11 8LP - £155,000

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

WATERSIDE is a very small detached house of 64m², built sometime between 1991 and 1995. It was last sold for £155,000 in May 2016, which was around 19% below the average May 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was A.

WATERSIDE Sold Prices

Land registry data shows two sales for WATERSIDE 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 WATERSIDE 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
2016 3 MAY	£155,000	£191,921	19% below HPI
1999 14 JUN	£52,000	£66,527	22% below HPI

WATERSIDE 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 WATERSIDE sales from June 1999 and May 2016 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 June 1999 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2016 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is WATERSIDE?

WATERSIDE is 64m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of detached houses in Legbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Legbourne, and where WATERSIDE lies on this distribution: 1% of detached houses are smaller than WATERSIDE, and 99% of houses are larger. Note that EPC data is not available for all properties in Legbourne.

WATERSIDE: Plot and Title Map

WATERSIDE sits on a plot of roughly 0.155 of an acre, or 629m². The below map shows the location of WATERSIDE, 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 WATERSIDE). 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 WATERSIDE?

WATERSIDE is located on COWLE LANE in LEGBOURNE, in the LN11 postcode district. The below map shows the position of WATERSIDE on COWLE LANE.