THORSWAY, SHOP LANE, GOULCEBY, LOUTH, LN11 9UW - £275,000

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.

THORSWAY is a very small extended detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £355,478. It was last sold for £275,000 in September 2017, which was around 29% above the average September 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was C.

THORSWAY Sold Prices

Land registry data shows three sales for THORSWAY 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 THORSWAY 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 7 SEP	£275,000	£213,464	29% above HPI
2006 15 NOV	£247,000	£178,932	38% above HPI
1998 18 AUG	£81,250	£65,327	24% above HPI

THORSWAY 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 THORSWAY sales between August 1998 and September 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 November 2006 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the September 2017 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might THORSWAY be worth now?

THORSWAY might now be worth an estimated £355,478.

This is based on house price inflation of 29.3%, between September 2017 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 29.3% inflationary increase is applied to the most recent sale price for THORSWAY of £275,000 on 7th September 2017. For the value to have increased from £275,000 to £355,478 over the eight years and one month to August 2025, the following assumptions must hold true:

• The value of THORSWAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2017 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of THORSWAY has not materially changed since September 2017.

How Large is THORSWAY?

THORSWAY is 102m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of detached houses houses in Goulceby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Goulceby, and where THORSWAY lies on this distribution: 9% of detached houses houses are smaller than THORSWAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Goulceby.

THORSWAY: Plot and Title Map

THORSWAY sits on a plot of roughly 0.416 of an acre, or 1,682m². The below map shows the location of THORSWAY, 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 THORSWAY). 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 THORSWAY?

THORSWAY is located on SHOP LANE in GOULCEBY, in the LN11 postcode district. The below map shows the position of THORSWAY on SHOP LANE.