2, THE HORSESHOES, METHERINGHAM, LINCOLN, LN4 3GD - £420,000

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 THE HORSESHOES is a very large extended detached house of 260m², built sometime between 2003 and 2006. It was last sold for £420,000 in April 2021, which was around 54% above the average April 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

2 THE HORSESHOES Sold Prices

Land registry data shows two sales for 2 THE HORSESHOES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. One of the two 2 THE HORSESHOES sales was for above the average price, whilst the other was for below 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 7 APR	£420,000	£273,517	54% above HPI
2002 23 AUG	£50,000	£113,817	56% below HPI

2 THE HORSESHOES Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 2 THE HORSESHOES sales from August 2002 and April 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 August 2002 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the April 2021 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is 2 THE HORSESHOES?

2 THE HORSESHOES is 260m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 10% of detached houses in Metheringham, based on EPC data. The below chart shows the distribution of detached houses by size in Metheringham, and where 2 THE HORSESHOES lies on this distribution: More than 99% of detached houses are smaller than 2 THE HORSESHOES, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Metheringham.

2 THE HORSESHOES: Plot and Title Map

2 THE HORSESHOES sits on a plot of roughly 0.171 of an acre, or 690m². The below map shows the location of 2 THE HORSESHOES, 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 THE HORSESHOES). 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 THE HORSESHOES?

2 THE HORSESHOES is located in METHERINGHAM, in the LN4 postcode district. The below map shows the position of No. 2 on THE HORSESHOES.