FIVE FARTHINGS, BANK END, NORTH SOMERCOTES, LOUTH, LN11 7LJ - £150,000

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.

FIVE FARTHINGS is a midsized detached house of 106m², built sometime between 1950 and 1966, which could now be worth an estimated £303,559. It was last sold for £150,000 in November 2003, which was around 6% above the average November 2003 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

FIVE FARTHINGS Sold Prices

Land registry data shows two sales for FIVE FARTHINGS 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. One of the two FIVE FARTHINGS sales was for above the average price, whilst the other was 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
2003 19 NOV	£150,000	£141,448	6% above HPI
1996 15 NOV	£55,000	£58,264	6% below HPI

FIVE FARTHINGS 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 FIVE FARTHINGS sales from November 1996 and November 2003 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 November 1996 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the November 2003 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might FIVE FARTHINGS be worth now?

FIVE FARTHINGS might now be worth an estimated £303,559.

This is based on house price inflation of 102.4%, between November 2003 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 102.4% inflationary increase is applied to the most recent sale price for FIVE FARTHINGS of £150,000 on 19th November 2003. For the value to have increased from £150,000 to £303,559 over the 22 years and nine months to February 2025, the following assumptions must hold true:

• The value of FIVE FARTHINGS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2003 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of FIVE FARTHINGS has not materially changed since November 2003.

How Large is FIVE FARTHINGS?

FIVE FARTHINGS is 106m² according to the EPC inspection conducted in September 2014. 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 FIVE FARTHINGS lies on this distribution: 52% of detached houses houses are smaller than FIVE FARTHINGS, and 48% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

FIVE FARTHINGS: Plot and Title Map

FIVE FARTHINGS sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of FIVE FARTHINGS, 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 FIVE FARTHINGS). 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 FIVE FARTHINGS?

FIVE FARTHINGS is located on BANK END in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of FIVE FARTHINGS on BANK END.