3, SOMERFIELD DRIVE, NORTH SOMERCOTES, LOUTH, LN11 7GA - £230,000

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.

3 SOMERFIELD DRIVE is a large detached house of 148m², built sometime between 1996 and 2002, which could now be worth an estimated £291,379. It was last sold for £230,000 in September 2018, which was around 2% above the average September 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

3 SOMERFIELD DRIVE Sold Prices

Land registry data shows three sales for 3 SOMERFIELD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 3 SOMERFIELD DRIVE 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 21 SEP	£230,000	£225,953	2% above HPI
2008 7 MAR	£215,000	£179,210	20% above HPI
2003 11 JUL	£169,500	£137,997	23% above HPI

3 SOMERFIELD DRIVE 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 three 3 SOMERFIELD DRIVE sales between July 2003 and September 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 March 2008 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2018 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 3 SOMERFIELD DRIVE be worth now?

3 SOMERFIELD DRIVE might now be worth an estimated £291,379.

This is based on house price inflation of 26.7%, between September 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 26.7% inflationary increase is applied to the most recent sale price for 3 SOMERFIELD DRIVE of £230,000 on 21st September 2018. For the value to have increased from £230,000 to £291,379 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 SOMERFIELD DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2018 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SOMERFIELD DRIVE has not materially changed since September 2018.

How Large is 3 SOMERFIELD DRIVE?

3 SOMERFIELD DRIVE is 148m² according to the EPC inspection conducted in February 2022. This puts it in the largest 30% of detached houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Somercotes, and where 3 SOMERFIELD DRIVE lies on this distribution: 76% of detached houses houses are smaller than 3 SOMERFIELD DRIVE, and 24% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

3 SOMERFIELD DRIVE: Plot and Title Map

3 SOMERFIELD DRIVE sits on a plot of roughly 0.213 of an acre, or 863m². The below map shows the location of 3 SOMERFIELD DRIVE, 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 SOMERFIELD DRIVE). 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 SOMERFIELD DRIVE?

3 SOMERFIELD DRIVE is located in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of No. 3 on SOMERFIELD DRIVE.