3, HEMINGBY LANE, HORNCASTLE, LN9 5ES - £107,000

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

3 HEMINGBY LANE is a small extended detached house of 81m², built sometime between 1900 and 1929. It was last sold for £107,000 in October 2011, which was around 35% below the average October 2011 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was D.

3 HEMINGBY LANE Sold Prices

Land registry data shows two sales for 3 HEMINGBY 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 3 HEMINGBY LANE sales were 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
2011 28 OCT	£107,000	£165,645	35% below HPI
1995 30 JAN	£26,500	£59,586	56% below HPI

3 HEMINGBY 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 3 HEMINGBY LANE sales from January 1995 and October 2011 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 January 1995 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the October 2011 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 3 HEMINGBY LANE?

3 HEMINGBY LANE is 81m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 30% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 3 HEMINGBY LANE lies on this distribution: 30% of detached houses are smaller than 3 HEMINGBY LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

3 HEMINGBY LANE: Plot and Title Map

3 HEMINGBY LANE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 3 HEMINGBY 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 3 HEMINGBY 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 3 HEMINGBY LANE?

3 HEMINGBY LANE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 3 on HEMINGBY LANE.