1, EVISON WAY, NORTH SOMERCOTES, LOUTH, LN11 7PE - £117,000

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

1 EVISON WAY is a very small detached house of 72m², built sometime between 1976 and 1982. It was last sold for £117,000 in January 2015, which was around 33% below the average January 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was B.

1 EVISON WAY Sold Prices

Land registry data shows three sales for 1 EVISON WAY 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 1 EVISON WAY 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
2015 29 JAN	£117,000	£174,154	33% below HPI
2002 10 APR	£59,950	£97,792	39% below HPI
2000 11 OCT	£48,500	£75,544	36% below HPI

1 EVISON WAY 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 1 EVISON WAY sales between October 2000 and January 2015 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 April 2002 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2015 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 1 EVISON WAY?

1 EVISON WAY is 72m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 20% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where 1 EVISON WAY lies on this distribution: 13% of detached houses are smaller than 1 EVISON WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

1 EVISON WAY: Plot and Title Map

1 EVISON WAY sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 1 EVISON WAY, 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 1 EVISON WAY). 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 1 EVISON WAY?

1 EVISON WAY is located in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of No. 1 on EVISON WAY.