HILLCREST, NORMANBY ROAD, NETTLETON, MARKET RASEN, LN7 6TA - £320,000

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

HILLCREST is a small extended detached house of 117m², built sometime between 1930 and 1949. It was last sold for £320,000 in November 2019, which was around 41% above the average November 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was December 2019, where the current energy rating was F, and the potential energy rating was B.

HILLCREST Sold Prices

Land registry data shows two sales for HILLCREST since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two HILLCREST 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
2019 28 NOV	£320,000	£227,277	41% above HPI
1998 1 DEC	£79,250	£67,556	17% above HPI

HILLCREST Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two HILLCREST sales from December 1998 and November 2019 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 1998 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2019 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is HILLCREST?

HILLCREST is 117m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 30% of detached houses in Nettleton, based on EPC data. The below chart shows the distribution of detached houses by size in Nettleton, and where HILLCREST lies on this distribution: 23% of detached houses are smaller than HILLCREST, and 77% of houses are larger. Note that EPC data is not available for all properties in Nettleton.

HILLCREST: Plot and Title Map

HILLCREST sits on a plot of roughly 0.917 of an acre, or 3,710m². The below map shows the location of HILLCREST, 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 HILLCREST). 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 HILLCREST?

HILLCREST is located on NORMANBY ROAD in NETTLETON, in the LN7 postcode district. The below map shows the position of HILLCREST on NORMANBY ROAD.