4, HEMINGBY LANE, HORNCASTLE, LN9 5ES - £185,000

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

4 HEMINGBY LANE is a large detached house of 130m², built sometime between 1950 and 1966, which could now be worth an estimated £308,847. It was last sold for £185,000 in July 2010, which was around 8% above the average July 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

4 HEMINGBY LANE Sold Prices

Land registry data shows three sales for 4 HEMINGBY LANE 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 4 HEMINGBY 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
2010 6 JUL	£185,000	£170,651	8% above HPI
1999 28 OCT	£85,500	£68,759	24% above HPI
1996 20 SEP	£66,000	£58,955	12% above HPI

4 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 three 4 HEMINGBY LANE sales between September 1996 and July 2010 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 October 1999 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the July 2010 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 4 HEMINGBY LANE be worth now?

4 HEMINGBY LANE might now be worth an estimated £308,847.

This is based on house price inflation of 66.9%, between July 2010 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 66.9% inflationary increase is applied to the most recent sale price for 4 HEMINGBY LANE of £185,000 on 6th July 2010. For the value to have increased from £185,000 to £308,847 over the thirteen years and seven months to December 2024, the following assumptions must hold true:

• The value of 4 HEMINGBY LANE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2010 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 4 HEMINGBY LANE has not materially changed since July 2010.

How Large is 4 HEMINGBY LANE?

4 HEMINGBY LANE is 130m² according to the EPC inspection conducted in February 2016. This puts it in the largest 30% 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 4 HEMINGBY LANE lies on this distribution: 73% of detached houses houses are smaller than 4 HEMINGBY LANE, and 26% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

4 HEMINGBY LANE: Plot and Title Map

4 HEMINGBY LANE sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 4 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 4 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 4 HEMINGBY LANE?

4 HEMINGBY LANE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 4 on HEMINGBY LANE.