8, HOME FARM CLOSE, LAUGHTERTON, LINCOLN, LN1 2BD - £235,000

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.

8 HOME FARM CLOSE is a midsized extended detached house of 140m², built sometime between 2003 and 2006, which could now be worth an estimated £389,602. It was last sold for £235,000 in December 2012, which was around 34% above the average December 2012 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was C.

8 HOME FARM CLOSE Sold Prices

Land registry data shows three sales for 8 HOME FARM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 8 HOME FARM CLOSE 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
2012 14 DEC	£235,000	£175,594	34% above HPI
2009 29 JAN	£204,000	£175,773	16% above HPI
2004 1 OCT	£190,000	£174,583	9% above HPI

8 HOME FARM CLOSE 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 three 8 HOME FARM CLOSE sales between October 2004 and December 2012 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 January 2009 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the December 2012 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 8 HOME FARM CLOSE be worth now?

8 HOME FARM CLOSE might now be worth an estimated £389,602.

This is based on house price inflation of 65.8%, between December 2012 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 65.8% inflationary increase is applied to the most recent sale price for 8 HOME FARM CLOSE of £235,000 on 14th December 2012. For the value to have increased from £235,000 to £389,602 over the thirteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 HOME FARM CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2012 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HOME FARM CLOSE has not materially changed since December 2012.

How Large is 8 HOME FARM CLOSE?

8 HOME FARM CLOSE is 140m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the largest 50% of detached houses houses in Laughterton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Laughterton, and where 8 HOME FARM CLOSE lies on this distribution: 55% of detached houses houses are smaller than 8 HOME FARM CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Laughterton.

8 HOME FARM CLOSE: Plot and Title Map

8 HOME FARM CLOSE sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of 8 HOME FARM CLOSE, 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 8 HOME FARM CLOSE). 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 8 HOME FARM CLOSE?

8 HOME FARM CLOSE is located in LAUGHTERTON, in the LN1 postcode district. The below map shows the position of No. 8 on HOME FARM CLOSE.