15, REVESBY LANE, HORNCASTLE, LN9 5FL - £324,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 REVESBY LANE is a very large detached house of 143m², built in 2022, which could now be worth an estimated £345,246. It was last sold for £324,950 in April 2022, which was around 21% above the average April 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2022, where the current energy rating was B, and the potential energy rating was A.

15 REVESBY LANE Sold Prices

Land registry data shows two sales for 15 REVESBY LANE 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 15 REVESBY 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
2022 20 APR	£324,950	£268,144	21% above HPI
2016 22 DEC	£1,708,800	£200,244	753% above HPI

15 REVESBY LANE 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 15 REVESBY LANE sales from December 2016 and April 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 December 2016 sale was for 753% above the HPI. So the extrapolation line tracks at 753% above the HPI over time, until the April 2022 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 15 REVESBY LANE be worth now?

15 REVESBY LANE might now be worth an estimated £345,246.

This is based on house price inflation of 6.2%, between April 2022 and December 2024, 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 6.2% inflationary increase is applied to the most recent sale price for 15 REVESBY LANE of £324,950 on 20th April 2022. For the value to have increased from £324,950 to £345,246 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of 15 REVESBY LANE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The April 2022 sale price of £324,950 represented a fair market value for the property.
• The size, condition, and specification of 15 REVESBY LANE has not materially changed since April 2022.

How Large is 15 REVESBY LANE?

15 REVESBY LANE is 143m² according to the EPC inspection conducted in April 2022. This puts it in the largest 20% 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 15 REVESBY LANE lies on this distribution: 83% of detached houses houses are smaller than 15 REVESBY LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

Where is 15 REVESBY LANE?

15 REVESBY LANE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 15 on REVESBY LANE.