1, THE ALDERS, SCOTHERN, LINCOLN, LN2 2WD - £240,000

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 THE ALDERS is a very small detached house of 89m², built sometime between 1991 and 1995. It was last sold for £240,000 in August 2014, which was around 31% above the average August 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

1 THE ALDERS Sold Prices

Land registry data shows four sales for 1 THE ALDERS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 1 THE ALDERS 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
2014 27 AUG	£240,000	£182,973	31% above HPI
2001 14 NOV	£112,000	£89,618	25% above HPI
1998 10 MAR	£83,000	£67,164	24% above HPI
1996 25 OCT	£84,950	£62,799	35% above HPI

1 THE ALDERS Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The four 1 THE ALDERS sales between October 1996 and August 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 November 2001 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2014 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 1 THE ALDERS?

1 THE ALDERS is 89m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses in Scothern, based on EPC data. The below chart shows the distribution of detached houses by size in Scothern, and where 1 THE ALDERS lies on this distribution: 6% of detached houses are smaller than 1 THE ALDERS, and 93% of houses are larger. Note that EPC data is not available for all properties in Scothern.

1 THE ALDERS: Plot and Title Map

1 THE ALDERS sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 1 THE ALDERS, 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 THE ALDERS). 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 THE ALDERS?

1 THE ALDERS is located in SCOTHERN, in the LN2 postcode district. The below map shows the position of No. 1 on THE ALDERS.