40A, ELMHIRST ROAD, HORNCASTLE, LN9 5LU - £116,000

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

40A ELMHIRST ROAD is a very small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £116,000 in October 2010, which was around 32% below the average October 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

40A ELMHIRST ROAD Sold Prices

Land registry data shows two sales for 40A ELMHIRST ROAD 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 40A ELMHIRST ROAD 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
2010 22 OCT	£116,000	£169,681	32% below HPI
1999 21 APR	£59,995	£64,773	7% below HPI

40A ELMHIRST ROAD 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 40A ELMHIRST ROAD sales from April 1999 and October 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 April 1999 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2010 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 40A ELMHIRST ROAD?

40A ELMHIRST ROAD is 73m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 20% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 40A ELMHIRST ROAD lies on this distribution: 18% of detached houses are smaller than 40A ELMHIRST ROAD, and 81% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

40A ELMHIRST ROAD: Plot and Title Map

40A ELMHIRST ROAD sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of 40A ELMHIRST ROAD, 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 40A ELMHIRST ROAD). 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 40A ELMHIRST ROAD?

40A ELMHIRST ROAD is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 40A on ELMHIRST ROAD.