THE BARN, MILL LANE, LEGBOURNE, LOUTH, LN11 8LT - £176,000

THE BARN is a very small extended detached house of 74m², built sometime between 1900 and 1929. It was last sold for £176,000 in October 2020, which was around 21% below the average October 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2019, where the current energy rating was E, and the potential energy rating was B.

THE BARN Sold Prices

Land registry data shows two sales for THE BARN 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. Both of the two THE BARN sales were 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
2020 19 OCT	£176,000	£223,136	21% below HPI
2007 30 NOV	£150,000	£188,186	20% below HPI

THE BARN 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 THE BARN sales from November 2007 and October 2020 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 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2020 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is THE BARN?

THE BARN is 74m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 10% of detached houses in Legbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Legbourne, and where THE BARN lies on this distribution: 5% of detached houses are smaller than THE BARN, and 94% of houses are larger. Note that EPC data is not available for all properties in Legbourne.

THE BARN: Plot and Title Map

THE BARN sits on a plot of roughly 0.051 of an acre, or 204m². The below map shows the location of THE BARN, 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 THE BARN). 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 THE BARN?

THE BARN is located on MILL LANE in LEGBOURNE, in the LN11 postcode district. The below map shows the position of THE BARN on MILL LANE.