BOTTOM HOUSE, CHAPEL LANE, HARMSTON, LINCOLN, LN5 9TB - £225,000

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

BOTTOM HOUSE is a small extended detached house of 146m², built sometime between 1967 and 1975. It was last sold for £225,000 in August 2017, which was around 4% below the average August 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

BOTTOM HOUSE Sold Prices

Land registry data shows three sales for BOTTOM HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. One of the three BOTTOM HOUSE sales was for below the average price, whilst two 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
2017 3 AUG	£225,000	£235,233	4% below HPI
1996 19 DEC	£77,250	£63,671	21% above HPI
1996 26 JUL	£75,000	£63,264	19% above HPI

BOTTOM HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three BOTTOM HOUSE sales between July 1996 and August 2017 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 December 1996 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the August 2017 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is BOTTOM HOUSE?

BOTTOM HOUSE is 146m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses in Harmston, based on EPC data. The below chart shows the distribution of detached houses by size in Harmston, and where BOTTOM HOUSE lies on this distribution: 38% of detached houses are smaller than BOTTOM HOUSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Harmston.

BOTTOM HOUSE: Plot and Title Map

BOTTOM HOUSE sits on a plot of roughly 0.254 of an acre, or 1,026m². The below map shows the location of BOTTOM HOUSE, 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 BOTTOM HOUSE). 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 BOTTOM HOUSE?

BOTTOM HOUSE is located on CHAPEL LANE in HARMSTON, in the LN5 postcode district. The below map shows the position of BOTTOM HOUSE on CHAPEL LANE.