5, ELMHIRST ROAD, HORNCASTLE, LN9 5AT - £120,000

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.

5 ELMHIRST ROAD is a small extended semi-detached house of 78m², built sometime before 1900, which could now be worth an estimated £160,900. It was last sold for £120,000 in March 2020, which was around 17% below the average March 2020 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was B.

5 ELMHIRST ROAD Sold Prices

Land registry data shows two sales for 5 ELMHIRST ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. One of the two 5 ELMHIRST ROAD sales was for below the average price, whilst the other was roughly equal to 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
2020 20 MAR	£120,000	£143,898	17% below HPI
2014 7 FEB	£113,000	£113,339	Close to HPI

5 ELMHIRST ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 5 ELMHIRST ROAD sales from February 2014 and March 2020 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 2014 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 5 ELMHIRST ROAD be worth now?

5 ELMHIRST ROAD might now be worth an estimated £160,900.

This is based on house price inflation of 34.1%, between March 2020 and February 2025, for semi-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 34.1% inflationary increase is applied to the most recent sale price for 5 ELMHIRST ROAD of £120,000 on 20th March 2020. For the value to have increased from £120,000 to £160,900 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 5 ELMHIRST ROAD has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The March 2020 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ELMHIRST ROAD has not materially changed since March 2020.

How Large is 5 ELMHIRST ROAD?

5 ELMHIRST ROAD is 78m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of semi-detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Horncastle, and where 5 ELMHIRST ROAD lies on this distribution: 25% of semi-detached houses houses are smaller than 5 ELMHIRST ROAD, and 74% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

5 ELMHIRST ROAD: Plot and Title Map

5 ELMHIRST ROAD sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 5 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 5 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 5 ELMHIRST ROAD?

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