7, HOWARD FIELDS WAY, LOUTH, LN11 0FR - £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.

7 HOWARD FIELDS WAY is a large detached house of 130m², built in 2010, which could now be worth an estimated £378,921. It was last sold for £240,000 in May 2010, which was around 38% above the average May 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2010, where the current energy rating was C, and the potential energy rating was C.

7 HOWARD FIELDS WAY Sold Prices

Land registry data shows two sales for 7 HOWARD FIELDS WAY 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. One of the two 7 HOWARD FIELDS WAY sales was for above the average price, whilst the other was 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
2010 4 MAY	£240,000	£174,415	38% above HPI
2008 1 JUL	£124,950	£180,028	31% below HPI

7 HOWARD FIELDS WAY 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 7 HOWARD FIELDS WAY sales from July 2008 and May 2010 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 July 2008 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2010 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 7 HOWARD FIELDS WAY be worth now?

7 HOWARD FIELDS WAY might now be worth an estimated £378,921.

This is based on house price inflation of 57.9%, between May 2010 and May 2026, for detached 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 57.9% inflationary increase is applied to the most recent sale price for 7 HOWARD FIELDS WAY of £240,000 on 4th May 2010. For the value to have increased from £240,000 to £378,921 over the sixteen years to May 2026, the following assumptions must hold true:

• The value of 7 HOWARD FIELDS WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2010 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HOWARD FIELDS WAY has not materially changed since May 2010.

How Large is 7 HOWARD FIELDS WAY?

7 HOWARD FIELDS WAY is 130m² according to the EPC inspection conducted in January 2010. This puts it in the largest 40% of detached houses houses in Louth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Louth, and where 7 HOWARD FIELDS WAY lies on this distribution: 66% of detached houses houses are smaller than 7 HOWARD FIELDS WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Louth.

Where is 7 HOWARD FIELDS WAY?

7 HOWARD FIELDS WAY is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 7 on HOWARD FIELDS WAY.