WILLMEAD, MILL LANE, SCAMBLESBY, LOUTH, LN11 9XP - £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

WILLMEAD is a midsized extended detached house of 138m², built sometime between 1976 and 1982. It was last sold for £275,000 in October 2019, which was around 22% above the average October 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

WILLMEAD Sold Prices

Land registry data shows three sales for WILLMEAD 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 WILLMEAD 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
2019 14 OCT	£275,000	£224,931	22% above HPI
2002 7 JUN	£133,000	£99,395	34% above HPI
1998 23 JAN	£68,000	£63,072	8% above HPI

WILLMEAD 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 WILLMEAD sales between January 1998 and October 2019 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 2002 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the October 2019 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is WILLMEAD?

WILLMEAD is 138m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 50% of detached houses in Scamblesby, based on EPC data. The below chart shows the distribution of detached houses by size in Scamblesby, and where WILLMEAD lies on this distribution: 53% of detached houses are smaller than WILLMEAD, and 47% of houses are larger. Note that EPC data is not available for all properties in Scamblesby.

WILLMEAD: Plot and Title Map

WILLMEAD sits on a plot of roughly 0.167 of an acre, or 675m². The below map shows the location of WILLMEAD, 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 WILLMEAD). 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 WILLMEAD?

WILLMEAD is located on MILL LANE in SCAMBLESBY, in the LN11 postcode district. The below map shows the position of WILLMEAD on MILL LANE.