5, ALBERT STREET, HORNCASTLE, LN9 6AJ - £157,950

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.

5 ALBERT STREET is a midsized extended detached house of 112m², built sometime before 1900, which could now be worth an estimated £189,410. It was last sold for £157,950 in May 2021, which was around 34% below the average May 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was E.

5 ALBERT STREET Sold Prices

Land registry data shows three sales for 5 ALBERT STREET 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 5 ALBERT STREET 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
2021 21 MAY	£157,950	£238,707	34% below HPI
2012 10 FEB	£97,000	£160,677	40% below HPI
1999 6 DEC	£46,500	£72,104	36% below HPI

5 ALBERT STREET 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 5 ALBERT STREET sales between December 1999 and May 2021 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 February 2012 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2021 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 ALBERT STREET be worth now?

5 ALBERT STREET might now be worth an estimated £189,410.

This is based on house price inflation of 19.9%, between May 2021 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 19.9% inflationary increase is applied to the most recent sale price for 5 ALBERT STREET of £157,950 on 21st May 2021. For the value to have increased from £157,950 to £189,410 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 5 ALBERT STREET has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2021 sale price of £157,950 represented a fair market value for the property.
• The size, condition, and specification of 5 ALBERT STREET has not materially changed since May 2021.

How Large is 5 ALBERT STREET?

5 ALBERT STREET is 112m², which includes two extensions, according to the EPC inspection conducted in October 2011. This puts it in the largest 50% 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 5 ALBERT STREET lies on this distribution: 58% of detached houses houses are smaller than 5 ALBERT STREET, and 42% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

5 ALBERT STREET: Plot and Title Map

5 ALBERT STREET sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 5 ALBERT STREET, 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 5 ALBERT STREET). 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 5 ALBERT STREET?

5 ALBERT STREET is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 5 on ALBERT STREET.