WOODWAY, MILL LANE, LEGBOURNE, LOUTH, LN11 8LT - £420,000

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

WOODWAY is a small extended detached house of 124m², built sometime between 1950 and 1966. It was last sold for £420,000 in October 2022, which was around 50% above the average October 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

WOODWAY Sold Prices

Land registry data shows two sales for WOODWAY 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 WOODWAY 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
2022 12 OCT	£420,000	£279,885	50% above HPI
1999 30 APR	£69,000	£64,773	7% above HPI

WOODWAY 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 WOODWAY sales from April 1999 and October 2022 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 April 1999 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2022 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is WOODWAY?

WOODWAY is 124m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 40% of detached houses in Legbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Legbourne, and where WOODWAY lies on this distribution: 37% of detached houses are smaller than WOODWAY, and 62% of houses are larger. Note that EPC data is not available for all properties in Legbourne.

WOODWAY: Plot and Title Map

WOODWAY sits on a plot of roughly 0.218 of an acre, or 881m². The below map shows the location of WOODWAY, 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 WOODWAY). 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 WOODWAY?

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