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

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

DRYAD is a midsized detached house of 109m², built sometime between 1983 and 1990. It was last sold for £185,000 in March 2021, which was around 21% 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	£233,062	21% below HPI
2002 2 MAY	£87,500	£98,349	11% 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

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 in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where DRYAD lies on this distribution: 55% of detached 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.