FAIRVIEW, CEMETERY ROAD, NORTH SOMERCOTES, LOUTH, LN11 7NR - £160,000

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.

FAIRVIEW is a midsized extended detached house of 114m², built sometime between 1930 and 1949, which could now be worth an estimated £242,572. It was last sold for £160,000 in March 2016, which was around 15% below the average March 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

FAIRVIEW Sold Prices

Land registry data shows two sales for FAIRVIEW 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 FAIRVIEW 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
2016 8 MAR	£160,000	£188,811	15% below HPI
2001 10 DEC	£64,000	£93,670	32% below HPI

FAIRVIEW 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 FAIRVIEW sales from December 2001 and March 2016 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 December 2001 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2016 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £242,572.

This is based on house price inflation of 51.6%, between March 2016 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 51.6% inflationary increase is applied to the most recent sale price for FAIRVIEW of £160,000 on 8th March 2016. For the value to have increased from £160,000 to £242,572 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2016 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since March 2016.

How Large is FAIRVIEW?

FAIRVIEW is 114m², which includes two extensions, according to the EPC inspection conducted in May 2022. 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 FAIRVIEW lies on this distribution: 58% of detached houses houses are smaller than FAIRVIEW, and 42% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

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