BURN BANK, CHURCH LANE, WITHERN, ALFORD, LN13 0NG - £225,000

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.

BURN BANK is a very small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £255,358. It was last sold for £225,000 in July 2021, which was around 7% below the average July 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was A.

BURN BANK Sold Prices

Land registry data shows four sales for BURN BANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. The four BURN BANK sales were a mix of below the average price, and roughly equal to 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
2021 23 JUL	£225,000	£243,130	7% below HPI
2008 1 SEP	£178,000	£178,709	Close to HPI
2006 23 MAY	£162,000	£181,899	11% below HPI
2002 31 MAY	£78,500	£99,782	21% below HPI

BURN BANK 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 four BURN BANK sales between May 2002 and July 2021 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 September 2008 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might BURN BANK be worth now?

BURN BANK might now be worth an estimated £255,358.

This is based on house price inflation of 13.5%, between July 2021 and August 2025, 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 13.5% inflationary increase is applied to the most recent sale price for BURN BANK of £225,000 on 23rd July 2021. For the value to have increased from £225,000 to £255,358 over the three years and eleven months to August 2025, the following assumptions must hold true:

• The value of BURN BANK has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of BURN BANK has not materially changed since July 2021.

How Large is BURN BANK?

BURN BANK is 82m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses houses in Withern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Withern, and where BURN BANK lies on this distribution: 15% of detached houses houses are smaller than BURN BANK, and 83% of houses are larger. Note that EPC data is not available for all properties in Withern.

BURN BANK: Plot and Title Map

BURN BANK sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of BURN BANK, 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 BURN BANK). 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 BURN BANK?

BURN BANK is located on CHURCH LANE in WITHERN, in the LN13 postcode district. The below map shows the position of BURN BANK on CHURCH LANE.