PENLEE, PEPPIN LANE, FOTHERBY, LOUTH, LN11 0UW - £375,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

PENLEE is a large extended detached house of 131m², built sometime between 1983 and 1990. It was last sold for £375,000 in April 2021, which was around 61% above the average April 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

PENLEE Sold Prices

Land registry data shows three sales for PENLEE 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 PENLEE 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
2021 9 APR	£375,000	£232,750	61% above HPI
2019 5 JUL	£325,000	£216,879	50% above HPI
2012 6 SEP	£170,000	£163,183	4% above HPI

PENLEE 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 PENLEE sales between September 2012 and April 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 July 2019 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the April 2021 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is PENLEE?

PENLEE is 131m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 30% of detached houses in Fotherby, based on EPC data. The below chart shows the distribution of detached houses by size in Fotherby, and where PENLEE lies on this distribution: 72% of detached houses are smaller than PENLEE, and 28% of houses are larger. Note that EPC data is not available for all properties in Fotherby.

PENLEE: Plot and Title Map

PENLEE sits on a plot of roughly 0.158 of an acre, or 638m². The below map shows the location of PENLEE, 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 PENLEE). 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 PENLEE?

PENLEE is located on PEPPIN LANE in FOTHERBY, in the LN11 postcode district. The below map shows the position of PENLEE on PEPPIN LANE.