2, ELSOM WAY, HORNCASTLE, LN9 5SW - £345,000

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

2 ELSOM WAY is a midsized detached house of 101m², built sometime between 2003 and 2006. It was last sold for £345,000 in February 2022, which was around 30% above the average February 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

2 ELSOM WAY Sold Prices

Land registry data shows six sales for 2 ELSOM WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the six 2 ELSOM WAY 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 10 FEB	£345,000	£264,840	30% above HPI
2019 15 APR	£260,000	£220,042	18% above HPI
2009 31 JUL	£205,000	£162,180	26% above HPI
2004 5 APR	£225,000	£151,848	48% above HPI
2003 7 MAR	£186,000	£121,304	53% above HPI
1999 24 SEP	£74,200	£68,475	8% above HPI

2 ELSOM WAY 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 six 2 ELSOM WAY sales between September 1999 and February 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 April 2019 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the February 2022 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 2 ELSOM WAY?

2 ELSOM WAY is 101m² according to the EPC inspection conducted in September 2021. This puts it in the largest 50% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 2 ELSOM WAY lies on this distribution: 50% of detached houses are smaller than 2 ELSOM WAY, and 50% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

2 ELSOM WAY: Plot and Title Map

2 ELSOM WAY sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 2 ELSOM WAY, 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 2 ELSOM WAY). 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 2 ELSOM WAY?

2 ELSOM WAY is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 2 on ELSOM WAY.