WHICH WAY, FORD WAY, GOULCEBY, LOUTH, LN11 9WD - £168,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

WHICH WAY is a small extended detached house of 117m², built sometime between 1976 and 1982, which could now be worth an estimated £277,312. It was last sold for £168,500 in May 2013, which was around 3% below the average May 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2014, where the current energy rating was B, and the potential energy rating was A.

WHICH WAY Sold Prices

Land registry data shows two sales for WHICH WAY 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 WHICH WAY sales was for below the average price, whilst the other was 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
2013 30 MAY	£168,500	£173,106	3% below HPI
1998 22 OCT	£81,000	£65,491	24% above HPI

WHICH WAY 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 WHICH WAY sales from October 1998 and May 2013 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 October 1998 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the May 2013 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might WHICH WAY be worth now?

WHICH WAY might now be worth an estimated £277,312.

This is based on house price inflation of 64.6%, between May 2013 and December 2024, 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 64.6% inflationary increase is applied to the most recent sale price for WHICH WAY of £168,500 on 30th May 2013. For the value to have increased from £168,500 to £277,312 over the ten years and five months to December 2024, the following assumptions must hold true:

• The value of WHICH WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2013 sale price of £168,500 represented a fair market value for the property.
• The size, condition, and specification of WHICH WAY has not materially changed since May 2013.

How Large is WHICH WAY?

WHICH WAY is 117m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% of detached houses houses in Goulceby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Goulceby, and where WHICH WAY lies on this distribution: 32% of detached houses houses are smaller than WHICH WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Goulceby.

WHICH WAY: Plot and Title Map

WHICH WAY sits on a plot of roughly 0.273 of an acre, or 1,105m². The below map shows the location of WHICH WAY, 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 WHICH WAY). 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 WHICH WAY?

WHICH WAY is located on FORD WAY in GOULCEBY, in the LN11 postcode district. The below map shows the position of WHICH WAY on FORD WAY.