1, SPRING TERRACE, LOUTH, LN11 0LP - £95,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 SPRING TERRACE is a very small terraced house of 65m², built sometime before 1900, which could now be worth an estimated £135,195. It was last sold for £95,000 in July 2015, which was around 3% below the average July 2015 terraced price in the East Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was B.

1 SPRING TERRACE Sold Prices

Land registry data shows four sales for 1 SPRING TERRACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. Most of the four 1 SPRING TERRACE 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
2015 10 JUL	£95,000	£97,632	3% below HPI
2000 8 DEC	£41,500	£36,421	14% above HPI
1997 31 OCT	£36,950	£29,975	23% above HPI
1995 28 JUL	£37,500	£27,446	37% above HPI

1 SPRING TERRACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The four 1 SPRING TERRACE sales between July 1995 and July 2015 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 December 2000 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the July 2015 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 1 SPRING TERRACE be worth now?

1 SPRING TERRACE might now be worth an estimated £135,195.

This is based on house price inflation of 42.3%, between July 2015 and June 2025, for terraced 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 42.3% inflationary increase is applied to the most recent sale price for 1 SPRING TERRACE of £95,000 on 10th July 2015. For the value to have increased from £95,000 to £135,195 over the ten years and one month to June 2025, the following assumptions must hold true:

• The value of 1 SPRING TERRACE has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The July 2015 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPRING TERRACE has not materially changed since July 2015.

How Large is 1 SPRING TERRACE?

1 SPRING TERRACE is 65m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of terraced houses houses in Louth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Louth, and where 1 SPRING TERRACE lies on this distribution: 6% of terraced houses houses are smaller than 1 SPRING TERRACE, and 93% of houses are larger. Note that EPC data is not available for all properties in Louth.

1 SPRING TERRACE: Plot and Title Map

1 SPRING TERRACE sits on a plot of roughly 0.018 of an acre, or 73m². The below map shows the location of 1 SPRING TERRACE, 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 1 SPRING TERRACE). 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 1 SPRING TERRACE?

1 SPRING TERRACE is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 1 on SPRING TERRACE.