FOXWAY, BANK END, NORTH SOMERCOTES, LOUTH, LN11 7LN - £135,000

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

FOXWAY is a small extended detached house of 83m², built sometime before 1900. It was last sold for £135,000 in July 2016, which was around 29% below the average July 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

FOXWAY Sold Prices

Land registry data shows three sales for FOXWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three FOXWAY sales were for below the average price, whilst one was 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
2016 11 JUL	£135,000	£189,070	29% below HPI
2015 26 JAN	£100,000	£174,154	43% below HPI
2004 20 AUG	£167,500	£161,119	4% above HPI

FOXWAY 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 three FOXWAY sales between August 2004 and July 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 January 2015 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2016 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is FOXWAY?

FOXWAY is 83m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 30% 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 FOXWAY lies on this distribution: 29% of detached houses are smaller than FOXWAY, and 71% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

FOXWAY: Plot and Title Map

FOXWAY sits on a plot of roughly 0.165 of an acre, or 668m². The below map shows the location of FOXWAY, 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 FOXWAY). 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 FOXWAY?

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