EASTLANDS, WARREN ROAD, NORTH SOMERCOTES, LOUTH, LN11 7QX - £265,000

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

EASTLANDS is a very large extended detached house of 173m², built sometime between 2003 and 2006. It was last sold for £265,000 in May 2015, which was around 47% above the average May 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

EASTLANDS Sold Prices

Land registry data shows two sales for EASTLANDS 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 EASTLANDS 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
2015 29 MAY	£265,000	£179,959	47% above HPI
2004 20 FEB	£240,000	£147,806	62% above HPI

EASTLANDS 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 EASTLANDS sales from February 2004 and May 2015 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 2004 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the May 2015 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is EASTLANDS?

EASTLANDS is 173m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the largest 20% 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 EASTLANDS lies on this distribution: 86% of detached houses are smaller than EASTLANDS, and 14% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

EASTLANDS: Plot and Title Map

EASTLANDS sits on a plot of roughly 0.279 of an acre, or 1,131m². The below map shows the location of EASTLANDS, 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 EASTLANDS). 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 EASTLANDS?

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