21A, SOUTHWELLS LANE, HORNCASTLE, LN9 5DT - £275,000

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

21A SOUTHWELLS LANE is a large detached house of 117m². It was last sold for £275,000 in December 2021, which was around 6% above the average December 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

21A SOUTHWELLS LANE Sold Prices

Land registry data shows two sales for 21A SOUTHWELLS LANE 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 21A SOUTHWELLS LANE 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 22 DEC	£275,000	£260,179	6% above HPI
2016 8 APR	£214,995	£189,394	14% above HPI

21A SOUTHWELLS LANE 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 21A SOUTHWELLS LANE sales from April 2016 and December 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 April 2016 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the December 2021 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 21A SOUTHWELLS LANE?

21A SOUTHWELLS LANE is 117m² according to the EPC inspection conducted in March 2018. This puts it in the largest 40% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 21A SOUTHWELLS LANE lies on this distribution: 63% of detached houses are smaller than 21A SOUTHWELLS LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

21A SOUTHWELLS LANE: Plot and Title Map

21A SOUTHWELLS LANE sits on a plot of roughly 4.5 acres, or 18,152m². The below map shows the location of 21A SOUTHWELLS LANE, 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 21A SOUTHWELLS LANE). 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 21A SOUTHWELLS LANE?

21A SOUTHWELLS LANE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 21A on SOUTHWELLS LANE.