12, SOUTHWELLS LANE, HORNCASTLE, LN9 5DT - £141,000

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 SOUTHWELLS LANE is a small extended semi-detached house of 90m², built sometime between 2003 and 2006, which could now be worth an estimated £215,609. It was last sold for £141,000 in December 2015, which was around 12% above the average December 2015 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

12 SOUTHWELLS LANE Sold Prices

Land registry data shows three sales for 12 SOUTHWELLS LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 12 SOUTHWELLS LANE 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
2015 22 DEC	£141,000	£126,338	12% above HPI
2015 18 DEC	£140,000	£126,338	11% above HPI
2007 30 NOV	£159,950	£128,232	25% above HPI

12 SOUTHWELLS LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 12 SOUTHWELLS LANE sales between November 2007 and December 2015 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 December 2015 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the December 2015 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 12 SOUTHWELLS LANE be worth now?

12 SOUTHWELLS LANE might now be worth an estimated £215,609.

This is based on house price inflation of 52.9%, between December 2015 and March 2025, for semi-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 52.9% inflationary increase is applied to the most recent sale price for 12 SOUTHWELLS LANE of £141,000 on 22nd December 2015. For the value to have increased from £141,000 to £215,609 over the ten years and nine months to March 2025, the following assumptions must hold true:

• The value of 12 SOUTHWELLS LANE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The December 2015 sale price of £141,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SOUTHWELLS LANE has not materially changed since December 2015.

How Large is 12 SOUTHWELLS LANE?

12 SOUTHWELLS LANE is 90m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% of semi-detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Horncastle, and where 12 SOUTHWELLS LANE lies on this distribution: 37% of semi-detached houses houses are smaller than 12 SOUTHWELLS LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

12 SOUTHWELLS LANE: Plot and Title Map

12 SOUTHWELLS LANE sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 12 SOUTHWELLS 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 12 SOUTHWELLS 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 12 SOUTHWELLS LANE?

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