12, THE ALDERS, SCOTHERN, LINCOLN, LN2 2WD - £490,000

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

12 THE ALDERS is a very small extended detached house of 95m², built sometime between 1996 and 2002. It was last sold for £490,000 in June 2022, which was around 75% above the average June 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

12 THE ALDERS Sold Prices

Land registry data shows two sales for 12 THE ALDERS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 12 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
2022 1 JUN	£490,000	£279,524	75% above HPI
2021 24 MAY	£265,000	£251,203	5% above HPI

12 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 two 12 THE ALDERS sales from May 2021 and June 2022 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 May 2021 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2022 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

How Large is 12 THE ALDERS?

12 THE ALDERS is 95m², which includes one extension, according to the EPC inspection conducted in November 2015. 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 12 THE ALDERS lies on this distribution: 10% of detached houses are smaller than 12 THE ALDERS, and 90% of houses are larger. Note that EPC data is not available for all properties in Scothern.

12 THE ALDERS: Plot and Title Map

12 THE ALDERS sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 12 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 12 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 12 THE ALDERS?

12 THE ALDERS is located in SCOTHERN, in the LN2 postcode district. The below map shows the position of No. 12 on THE ALDERS.