5, LANCASTER AVENUE, HORNCASTLE, LN9 5EW - £250,000

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

5 LANCASTER AVENUE is a midsized detached house of 106m², built sometime between 1967 and 1975. It was last sold for £250,000 in November 2022, which was around 12% below the average November 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was C.

5 LANCASTER AVENUE Sold Prices

Land registry data shows two sales for 5 LANCASTER AVENUE 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 5 LANCASTER AVENUE 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
2022 3 NOV	£250,000	£282,579	12% below HPI
2016 14 OCT	£190,000	£192,862	1% below HPI

5 LANCASTER AVENUE 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 5 LANCASTER AVENUE sales from October 2016 and November 2022 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 2016 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 5 LANCASTER AVENUE?

5 LANCASTER AVENUE is 106m² according to the EPC inspection conducted in May 2016. This puts it in the largest 50% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 5 LANCASTER AVENUE lies on this distribution: 54% of detached houses are smaller than 5 LANCASTER AVENUE, and 46% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

5 LANCASTER AVENUE: Plot and Title Map

5 LANCASTER AVENUE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 5 LANCASTER AVENUE, 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 LANCASTER AVENUE). 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 LANCASTER AVENUE?

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