2, HOME FARM CLOSE, LAUGHTERTON, LINCOLN, LN1 2BD - £370,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 HOME FARM CLOSE is a large extended detached house of 146m², built sometime between 2003 and 2006. It was last sold for £370,000 in November 2021, which was around 42% above the average November 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was C.

2 HOME FARM CLOSE Sold Prices

Land registry data shows four sales for 2 HOME FARM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 2 HOME FARM CLOSE 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
2021 18 NOV	£370,000	£261,092	42% above HPI
2007 13 JUN	£228,000	£185,874	23% above HPI
2005 15 JUL	£237,500	£180,986	31% above HPI
2004 27 AUG	£210,000	£177,543	18% above HPI

2 HOME FARM CLOSE 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 four 2 HOME FARM CLOSE sales between August 2004 and November 2021 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 June 2007 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the November 2021 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 2 HOME FARM CLOSE?

2 HOME FARM CLOSE is 146m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 40% of detached houses in Laughterton, based on EPC data. The below chart shows the distribution of detached houses by size in Laughterton, and where 2 HOME FARM CLOSE lies on this distribution: 60% of detached houses are smaller than 2 HOME FARM CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Laughterton.

2 HOME FARM CLOSE: Plot and Title Map

2 HOME FARM CLOSE sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of 2 HOME FARM CLOSE, 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 HOME FARM CLOSE). 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 HOME FARM CLOSE?

2 HOME FARM CLOSE is located in LAUGHTERTON, in the LN1 postcode district. The below map shows the position of No. 2 on HOME FARM CLOSE.