12, PARK ROAD, HORNCASTLE, LN9 5EF - £315,000

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.

12 PARK ROAD is a large extended detached house of 128m², built sometime between 1950 and 1966, which could now be worth an estimated £337,243. It was last sold for £315,000 in July 2024, which was around 18% above the average July 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

12 PARK ROAD Sold Prices

Land registry data shows two sales for 12 PARK 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 East Lindsey local authority area for the corresponding sale date. Both of the two 12 PARK ROAD 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
2024 29 JUL	£315,000	£267,372	18% above HPI
2021 5 MAR	£240,000	£236,458	1% above HPI

12 PARK ROAD 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 12 PARK ROAD sales from March 2021 and July 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 March 2021 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the July 2024 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 12 PARK ROAD be worth now?

12 PARK ROAD might now be worth an estimated £337,243.

This is based on house price inflation of 7.1%, between July 2024 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 7.1% inflationary increase is applied to the most recent sale price for 12 PARK ROAD of £315,000 on 29th July 2024. For the value to have increased from £315,000 to £337,243 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 12 PARK ROAD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2024 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PARK ROAD has not materially changed since July 2024.

How Large is 12 PARK ROAD?

12 PARK ROAD is 128m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the largest 30% of detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horncastle, and where 12 PARK ROAD lies on this distribution: 70% of detached houses houses are smaller than 12 PARK ROAD, and 28% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

12 PARK ROAD: Plot and Title Map

12 PARK ROAD sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 12 PARK 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 12 PARK 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 12 PARK ROAD?

12 PARK ROAD is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 12 on PARK ROAD.