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

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

WHICH WAY is a small extended detached house of 117m², built sometime between 1976 and 1982. It was last sold for £168,500 in May 2013, which was around 1% 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	£170,620	1% below HPI
1998 22 OCT	£81,000	£64,551	25% 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 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2013 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

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 in Goulceby, based on EPC data. The below chart shows the distribution of detached houses by size in Goulceby, and where WHICH WAY lies on this distribution: 30% of detached houses are smaller than WHICH WAY, and 70% 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.