115, SEARBY ROAD, LINCOLN, LN2 4DT - £120,000

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

115 SEARBY ROAD is a very small detached house of 66m², built sometime between 1991 and 1995. It was last sold for £120,000 in March 2010, which was around 31% below the average March 2010 detached price in the Lincoln local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

115 SEARBY ROAD Sold Prices

Land registry data shows two sales for 115 SEARBY ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lincoln local authority area for the corresponding sale date. Both of the two 115 SEARBY ROAD 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
2010 19 MAR	£120,000	£172,762	31% below HPI
2001 16 AUG	£59,000	£88,894	34% below HPI

115 SEARBY ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lincoln local authority area over time, sourced from the HPI. The two 115 SEARBY ROAD sales from August 2001 and March 2010 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 August 2001 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2010 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 115 SEARBY ROAD?

115 SEARBY ROAD is 66m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 20% of detached houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses by size in Lincoln, and where 115 SEARBY ROAD lies on this distribution: 11% of detached houses are smaller than 115 SEARBY ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

115 SEARBY ROAD: Plot and Title Map

115 SEARBY ROAD sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 115 SEARBY ROAD, 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 115 SEARBY ROAD). 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 115 SEARBY ROAD?

115 SEARBY ROAD is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 115 on SEARBY ROAD.