1, SOMERFIELD DRIVE, NORTH SOMERCOTES, LOUTH, LN11 7GA - £260,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 SOMERFIELD DRIVE is a small detached house of 81m², built sometime between 2003 and 2006, which could now be worth an estimated £266,618. It was last sold for £260,000 in May 2024, which was around 6% below the average May 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

1 SOMERFIELD DRIVE Sold Prices

Land registry data shows two sales for 1 SOMERFIELD DRIVE 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 1 SOMERFIELD 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
2024 28 MAY	£260,000	£277,820	6% below HPI
2002 21 JUN	£92,500	£100,843	8% below HPI

1 SOMERFIELD 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 two 1 SOMERFIELD DRIVE sales from June 2002 and May 2024 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 June 2002 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2024 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 1 SOMERFIELD DRIVE be worth now?

1 SOMERFIELD DRIVE might now be worth an estimated £266,618.

This is based on house price inflation of 2.5%, between May 2024 and December 2024, 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 2.5% inflationary increase is applied to the most recent sale price for 1 SOMERFIELD DRIVE of £260,000 on 28th May 2024. For the value to have increased from £260,000 to £266,618 over the five months to December 2024, the following assumptions must hold true:

• The value of 1 SOMERFIELD DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2024 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SOMERFIELD DRIVE has not materially changed since May 2024.

How Large is 1 SOMERFIELD DRIVE?

1 SOMERFIELD DRIVE is 81m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 30% 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 SOMERFIELD DRIVE lies on this distribution: 25% of detached houses houses are smaller than 1 SOMERFIELD DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

1 SOMERFIELD DRIVE: Plot and Title Map

1 SOMERFIELD DRIVE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 1 SOMERFIELD 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 SOMERFIELD 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 SOMERFIELD DRIVE?

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