NEWLANDS, RESTON ROAD, LEGBOURNE, LOUTH, LN11 8LS - £280,000

NEWLANDS is a large extended detached house of 149m², built sometime between 1900 and 1929. It was last sold for £280,000 in March 2017, which was around 38% above the average March 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was E.

NEWLANDS Sold Prices

Land registry data shows three sales for NEWLANDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three NEWLANDS 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
2017 3 MAR	£280,000	£203,019	38% above HPI
2004 8 JUL	£195,000	£160,925	21% above HPI
2001 27 APR	£115,000	£78,743	46% above HPI

NEWLANDS 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 three NEWLANDS sales between April 2001 and March 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 July 2004 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the March 2017 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is NEWLANDS?

NEWLANDS is 149m², which includes two extensions, according to the EPC inspection conducted in May 2009. This puts it in the largest 40% of detached houses in Legbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Legbourne, and where NEWLANDS lies on this distribution: 60% of detached houses are smaller than NEWLANDS, and 40% of houses are larger. Note that EPC data is not available for all properties in Legbourne.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.193 of an acre, or 782m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on RESTON ROAD in LEGBOURNE, in the LN11 postcode district. The below map shows the position of NEWLANDS on RESTON ROAD.