7, THORNE LANE, SCOTHERN, LINCOLN, LN2 2FZ - £587,000

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

7 THORNE LANE is a large detached house of 192m². It was last sold for £587,000 in September 2023, which was around 109% above the average September 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was B.

7 THORNE LANE Sold Prices

Land registry data shows two sales for 7 THORNE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 7 THORNE 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
2023 25 SEP	£587,000	£280,927	109% above HPI
2021 8 MAR	£590,000	£250,795	135% above HPI

7 THORNE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 7 THORNE LANE sales from March 2021 and September 2023 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 March 2021 sale was for 135% above the HPI. So the extrapolation line tracks at 135% above the HPI over time, until the September 2023 sale, where it falls to 109% above the HPI. The line then continues to track at 109% above the HPI.

How Large is 7 THORNE LANE?

7 THORNE LANE is 192m² according to the EPC inspection conducted in July 2020. This puts it in the largest 30% of detached houses in Scothern, based on EPC data. The below chart shows the distribution of detached houses by size in Scothern, and where 7 THORNE LANE lies on this distribution: 77% of detached houses are smaller than 7 THORNE LANE, and 21% of houses are larger. Note that EPC data is not available for all properties in Scothern.

7 THORNE LANE: Plot and Title Map

7 THORNE LANE sits on a plot of roughly 12.1 acres, or 48,816m². The below map shows the location of 7 THORNE 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 7 THORNE 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 7 THORNE LANE?

7 THORNE LANE is located in SCOTHERN, in the LN2 postcode district. The below map shows the position of No. 7 on THORNE LANE.