5, LODGE LANE, UPTON, GAINSBOROUGH, DN21 5NW - £183,000

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.

5 LODGE LANE is a small detached house of 92m², built sometime between 1991 and 1995, which could now be worth an estimated £254,666. It was last sold for £183,000 in January 2017, which was around 11% below the average January 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

5 LODGE LANE Sold Prices

Land registry data shows two sales for 5 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. One of the two 5 LODGE LANE 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
2017 17 JAN	£183,000	£205,130	11% below HPI
2000 22 NOV	£83,000	£82,272	1% above HPI

5 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 5 LODGE LANE sales from November 2000 and January 2017 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 November 2000 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2017 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 5 LODGE LANE be worth now?

5 LODGE LANE might now be worth an estimated £254,666.

This is based on house price inflation of 39.2%, between January 2017 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 39.2% inflationary increase is applied to the most recent sale price for 5 LODGE LANE of £183,000 on 17th January 2017. For the value to have increased from £183,000 to £254,666 over the eight years and eight months to May 2026, the following assumptions must hold true:

• The value of 5 LODGE LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The January 2017 sale price of £183,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LODGE LANE has not materially changed since January 2017.

How Large is 5 LODGE LANE?

5 LODGE LANE is 92m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% 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 5 LODGE LANE lies on this distribution: 20% of detached houses houses are smaller than 5 LODGE LANE, and 78% of houses are larger. Note that EPC data is not available for all properties in Upton.

5 LODGE LANE: Plot and Title Map

5 LODGE LANE sits on a plot of roughly 0.146 of an acre, or 591m². The below map shows the location of 5 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 5 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 5 LODGE LANE?

5 LODGE LANE is located in UPTON, in the DN21 postcode district. The below map shows the position of No. 5 on LODGE LANE.