DAMAR, CONISHOLME ROAD, NORTH SOMERCOTES, LOUTH, LN11 7PS - £355,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

DAMAR is a large detached house of 118m², built sometime between 1950 and 1966. It was last sold for £355,000 in October 2022, which was around 27% above the average October 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was A.

DAMAR Sold Prices

Land registry data shows three sales for DAMAR since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three DAMAR 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
2022 28 OCT	£355,000	£279,885	27% above HPI
2021 30 APR	£290,000	£232,750	25% above HPI
2010 22 MAR	£175,000	£168,985	4% above HPI

DAMAR 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 three DAMAR sales between March 2010 and October 2022 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 April 2021 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2022 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is DAMAR?

DAMAR is 118m² according to the EPC inspection conducted in March 2017. This puts it in the largest 40% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where DAMAR lies on this distribution: 60% of detached houses are smaller than DAMAR, and 40% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

DAMAR: Plot and Title Map

DAMAR sits on a plot of roughly 0.317 of an acre, or 1,283m². The below map shows the location of DAMAR, 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 DAMAR). 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 DAMAR?

DAMAR is located on CONISHOLME ROAD in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of DAMAR on CONISHOLME ROAD.