23, SOUTHWELLS LANE, HORNCASTLE, LN9 5DT - £237,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

23 SOUTHWELLS LANE is a very large detached house of 142m². It was last sold for £237,500 in October 2019, which was around 4% above the average October 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

23 SOUTHWELLS LANE Sold Prices

Land registry data shows two sales for 23 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 23 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
2019 23 OCT	£237,500	£228,208	4% above HPI
2016 5 AUG	£229,995	£192,227	20% above HPI

23 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 23 SOUTHWELLS LANE sales from August 2016 and October 2019 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 2016 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the October 2019 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 23 SOUTHWELLS LANE be worth now?

23 SOUTHWELLS LANE might now be worth an estimated £296,492.

This is based on house price inflation of 24.8%, between October 2019 and December 2024, 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 24.8% inflationary increase is applied to the most recent sale price for 23 SOUTHWELLS LANE of £237,500 on 23rd October 2019. For the value to have increased from £237,500 to £296,492 over the four years and ten months to December 2024, the following assumptions must hold true:

• The value of 23 SOUTHWELLS LANE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2019 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 23 SOUTHWELLS LANE has not materially changed since October 2019.

How Large is 23 SOUTHWELLS LANE?

23 SOUTHWELLS LANE is 142m² according to the EPC inspection conducted in July 2015. This puts it in the largest 20% 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 23 SOUTHWELLS LANE lies on this distribution: 82% of detached houses houses are smaller than 23 SOUTHWELLS LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

23 SOUTHWELLS LANE: Plot and Title Map

23 SOUTHWELLS LANE sits on a plot of roughly 4.5 acres, or 18,152m². The below map shows the location of 23 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 23 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 23 SOUTHWELLS LANE?

23 SOUTHWELLS LANE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 23 on SOUTHWELLS LANE.