BURFORD, SOUTHFIELD PLACE, HORNCASTLE, LN9 6EN - £250,000

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

BURFORD is a midsized detached house of 95m², built sometime between 1991 and 1995. It was last sold for £250,000 in August 2019, which was around 11% above the average August 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

BURFORD Sold Prices

Land registry data shows four sales for BURFORD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four BURFORD 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
2019 9 AUG	£250,000	£224,496	11% above HPI
2017 13 FEB	£259,950	£202,230	29% above HPI
2010 19 NOV	£187,500	£167,973	12% above HPI
2006 15 NOV	£184,950	£178,932	3% above HPI

BURFORD 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 four BURFORD sales between November 2006 and August 2019 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 February 2017 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the August 2019 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might BURFORD be worth now?

BURFORD might now be worth an estimated £317,257.

This is based on house price inflation of 26.9%, between August 2019 and December 2024, 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 26.9% inflationary increase is applied to the most recent sale price for BURFORD of £250,000 on 9th August 2019. For the value to have increased from £250,000 to £317,257 over the four years and eight months to December 2024, the following assumptions must hold true:

• The value of BURFORD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2019 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of BURFORD has not materially changed since August 2019.

How Large is BURFORD?

BURFORD is 95m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 50% 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 BURFORD lies on this distribution: 45% of detached houses houses are smaller than BURFORD, and 54% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

BURFORD: Plot and Title Map

BURFORD sits on a plot of roughly 0.197 of an acre, or 796m². The below map shows the location of BURFORD, 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 BURFORD). 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 BURFORD?

BURFORD is located on SOUTHFIELD PLACE in HORNCASTLE, in the LN9 postcode district. The below map shows the position of BURFORD on SOUTHFIELD PLACE.