15, LODGE LANE, UPTON, GAINSBOROUGH, DN21 5NW - £240,000

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.

15 LODGE LANE is a small detached house of 95m², built sometime between 1991 and 1995, which could now be worth an estimated £238,486. It was last sold for £240,000 in October 2022, which was around 16% below the average October 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

15 LODGE LANE Sold Prices

Land registry data shows two sales for 15 LODGE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 15 LODGE LANE sales were for below 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 18 OCT	£240,000	£287,274	16% below HPI
1995 13 APR	£48,000	£62,233	23% below HPI

15 LODGE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 15 LODGE LANE sales from April 1995 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 1995 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 15 LODGE LANE be worth now?

15 LODGE LANE might now be worth an estimated £238,486.

This is based on house price deflation of 0.6%, between October 2022 and May 2026, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.6% deflationary decrease is applied to the most recent sale price for 15 LODGE LANE of £240,000 on 18th October 2022. For the value to have decreased from £240,000 to £238,486 over the four years and five months to May 2026, the following assumptions must hold true:

• The value of 15 LODGE LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 15 LODGE LANE has not materially changed since October 2022.

How Large is 15 LODGE LANE?

15 LODGE LANE is 95m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of detached houses houses in Upton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Upton, and where 15 LODGE LANE lies on this distribution: 28% of detached houses houses are smaller than 15 LODGE LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Upton.

15 LODGE LANE: Plot and Title Map

15 LODGE LANE sits on a plot of roughly 0.153 of an acre, or 619m². The below map shows the location of 15 LODGE LANE, 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 15 LODGE LANE). 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 15 LODGE LANE?

15 LODGE LANE is located in UPTON, in the DN21 postcode district. The below map shows the position of No. 15 on LODGE LANE.