1, SANDY LANE, NORTH SOMERCOTES, LOUTH, LN11 7QP - £145,000

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.

1 SANDY LANE is a midsized detached house of 102m², built sometime between 1900 and 1929, which could now be worth an estimated £237,244. It was last sold for £145,000 in May 2014, which was around 17% below the average May 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

1 SANDY LANE Sold Prices

Land registry data shows three sales for 1 SANDY LANE 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 SANDY LANE 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
2014 1 MAY	£145,000	£174,953	17% below HPI
2003 28 MAR	£98,000	£123,071	20% below HPI
1995 3 JUL	£40,000	£55,050	27% below HPI

1 SANDY LANE 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 SANDY LANE sales between July 1995 and May 2014 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 March 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2014 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 1 SANDY LANE be worth now?

1 SANDY LANE might now be worth an estimated £237,244.

This is based on house price inflation of 63.6%, between May 2014 and February 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 63.6% inflationary increase is applied to the most recent sale price for 1 SANDY LANE of £145,000 on 1st May 2014. For the value to have increased from £145,000 to £237,244 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 1 SANDY LANE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2014 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SANDY LANE has not materially changed since May 2014.

How Large is 1 SANDY LANE?

1 SANDY LANE is 102m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 50% of detached houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Somercotes, and where 1 SANDY LANE lies on this distribution: 49% of detached houses houses are smaller than 1 SANDY LANE, and 51% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

1 SANDY LANE: Plot and Title Map

1 SANDY LANE sits on a plot of roughly 0.172 of an acre, or 698m². The below map shows the location of 1 SANDY LANE, 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 SANDY LANE). 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 SANDY LANE?

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