2, LUNN CLOSE, HORNCASTLE, LN9 5DJ - £283,000

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 LUNN CLOSE is a large detached house of 115m², built sometime from 2007 onwards, which could now be worth an estimated £365,002. It was last sold for £283,000 in October 2018, which was around 28% above the average October 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

2 LUNN CLOSE Sold Prices

Land registry data shows two sales for 2 LUNN CLOSE 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 2 LUNN 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
2018 30 OCT	£283,000	£221,942	28% above HPI
2007 19 NOV	£225,000	£190,928	18% above HPI

2 LUNN CLOSE 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 2 LUNN CLOSE sales from November 2007 and October 2018 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 November 2007 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the October 2018 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 2 LUNN CLOSE be worth now?

2 LUNN CLOSE might now be worth an estimated £365,002.

This is based on house price inflation of 29%, between October 2018 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 29% inflationary increase is applied to the most recent sale price for 2 LUNN CLOSE of £283,000 on 30th October 2018. For the value to have increased from £283,000 to £365,002 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 LUNN CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2018 sale price of £283,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LUNN CLOSE has not materially changed since October 2018.

How Large is 2 LUNN CLOSE?

2 LUNN CLOSE is 115m² according to the EPC inspection conducted in August 2018. This puts it in the largest 40% 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 LUNN CLOSE lies on this distribution: 61% of detached houses houses are smaller than 2 LUNN CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

2 LUNN CLOSE: Plot and Title Map

2 LUNN CLOSE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 2 LUNN 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 LUNN 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 LUNN CLOSE?

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