DRYAD, JUBILEE ROAD, NORTH SOMERCOTES, LOUTH, LN11 7LH - £185,000

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.

DRYAD is a midsized detached house of 109m², built sometime between 1983 and 1990, which could now be worth an estimated £223,958. It was last sold for £185,000 in March 2021, which was around 22% below the average March 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

DRYAD Sold Prices

Land registry data shows two sales for DRYAD 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 DRYAD sales were for below 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
2021 29 MAR	£185,000	£236,458	22% below HPI
2002 2 MAY	£87,500	£99,782	12% below HPI

DRYAD 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 DRYAD sales from May 2002 and March 2021 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 May 2002 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might DRYAD be worth now?

DRYAD might now be worth an estimated £223,958.

This is based on house price inflation of 21.1%, between March 2021 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 21.1% inflationary increase is applied to the most recent sale price for DRYAD of £185,000 on 29th March 2021. For the value to have increased from £185,000 to £223,958 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of DRYAD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2021 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of DRYAD has not materially changed since March 2021.

How Large is DRYAD?

DRYAD is 109m² according to the EPC inspection conducted in February 2017. This puts it in the largest 50% of detached houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Somercotes, and where DRYAD lies on this distribution: 55% of detached houses houses are smaller than DRYAD, and 45% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

DRYAD: Plot and Title Map

DRYAD sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of DRYAD, 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 DRYAD). 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 DRYAD?

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