ARION, ALBERT STREET, HORNCASTLE, LN9 6AJ - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

ARION is a large detached house of 125m², built sometime between 1983 and 1990, which could now be worth an estimated £322,929. It was last sold for £240,000 in January 2018, which was around 13% above the average January 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

ARION Sold Prices

Land registry data shows two sales for ARION 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 ARION 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
2018 19 JAN	£240,000	£212,742	13% above HPI
1997 26 SEP	£74,000	£63,452	17% above HPI

ARION 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 ARION sales from September 1997 and January 2018 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 September 1997 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the January 2018 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might ARION be worth now?

ARION might now be worth an estimated £322,929.

This is based on house price inflation of 34.6%, between January 2018 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 34.6% inflationary increase is applied to the most recent sale price for ARION of £240,000 on 19th January 2018. For the value to have increased from £240,000 to £322,929 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of ARION has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of ARION has not materially changed since January 2018.

How Large is ARION?

ARION is 125m² according to the EPC inspection conducted in July 2017. This puts it in the largest 40% 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 ARION lies on this distribution: 67% of detached houses houses are smaller than ARION, and 32% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

ARION: Plot and Title Map

ARION sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of ARION, 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 ARION). 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 ARION?

ARION is located on ALBERT STREET in HORNCASTLE, in the LN9 postcode district. The below map shows the position of ARION on ALBERT STREET.