1, HAZEL DRIVE, HORNCASTLE, LN9 5BQ - £175,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 HAZEL DRIVE is a very small detached house of 73m², built sometime between 1976 and 1982. It was last sold for £175,000 in June 2018, which was around 17% below the average June 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

1 HAZEL DRIVE Sold Prices

Land registry data shows three sales for 1 HAZEL DRIVE 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 HAZEL DRIVE 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
2018 22 JUN	£175,000	£210,621	17% below HPI
1997 17 NOV	£52,500	£60,955	14% below HPI
1995 31 MAR	£43,750	£58,321	25% below HPI

1 HAZEL DRIVE 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 HAZEL DRIVE sales between March 1995 and June 2018 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 1997 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2018 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1 HAZEL DRIVE?

1 HAZEL DRIVE is 73m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 1 HAZEL DRIVE lies on this distribution: 18% of detached houses are smaller than 1 HAZEL DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

1 HAZEL DRIVE: Plot and Title Map

1 HAZEL DRIVE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 1 HAZEL DRIVE, 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 HAZEL DRIVE). 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 HAZEL DRIVE?

1 HAZEL DRIVE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 1 on HAZEL DRIVE.