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

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.

2 ELSOM WAY is a midsized detached house of 101m², built sometime between 2003 and 2006, which could now be worth an estimated £367,537. It was last sold for £345,000 in February 2022, which was around 28% 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	£268,699	28% above HPI
2019 15 APR	£260,000	£223,248	16% above HPI
2009 31 JUL	£205,000	£164,544	25% above HPI
2004 5 APR	£225,000	£154,061	46% above HPI
2003 7 MAR	£186,000	£123,071	51% above HPI
1999 24 SEP	£74,200	£69,473	7% 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 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the February 2022 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 2 ELSOM WAY be worth now?

2 ELSOM WAY might now be worth an estimated £367,537.

This is based on house price inflation of 6.5%, between February 2022 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 6.5% inflationary increase is applied to the most recent sale price for 2 ELSOM WAY of £345,000 on 10th February 2022. For the value to have increased from £345,000 to £367,537 over the three years to February 2025, the following assumptions must hold true:

• The value of 2 ELSOM WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2022 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELSOM WAY has not materially changed since February 2022.

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 smallest 50% 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 2 ELSOM WAY lies on this distribution: 49% of detached houses 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.