HOLMEFIELD, MAIN ROAD, WITHERN, ALFORD, LN13 0NB - £140,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HOLMEFIELD is a very small extended detached house of 70m², built sometime between 1976 and 1982, which could now be worth an estimated £222,888. It was last sold for £140,000 in December 2014, which was around 22% below the average December 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was A.

HOLMEFIELD Sold Prices

Land registry data shows three sales for HOLMEFIELD 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. All of the three HOLMEFIELD 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
2014 3 DEC	£140,000	£178,946	22% below HPI
2007 6 JUL	£115,000	£193,413	41% below HPI
1999 15 JAN	£49,500	£68,502	28% below HPI

HOLMEFIELD 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 HOLMEFIELD sales between January 1999 and December 2014 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 July 2007 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the December 2014 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might HOLMEFIELD be worth now?

HOLMEFIELD might now be worth an estimated £222,888.

This is based on house price inflation of 59.2%, between December 2014 and December 2024, 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 59.2% inflationary increase is applied to the most recent sale price for HOLMEFIELD of £140,000 on 3rd December 2014. For the value to have increased from £140,000 to £222,888 over the ten years to December 2024, the following assumptions must hold true:

• The value of HOLMEFIELD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2014 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of HOLMEFIELD has not materially changed since December 2014.

How Large is HOLMEFIELD?

HOLMEFIELD is 70m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 10% of detached houses houses in Withern, based on EPC data. The below chart shows the distribution of detached houses houses by size in Withern, and where HOLMEFIELD lies on this distribution: 8% of detached houses houses are smaller than HOLMEFIELD, and 92% of houses are larger. Note that EPC data is not available for all properties in Withern.

HOLMEFIELD: Plot and Title Map

HOLMEFIELD sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of HOLMEFIELD, 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 HOLMEFIELD). 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 HOLMEFIELD?

HOLMEFIELD is located on MAIN ROAD in WITHERN, in the LN13 postcode district. The below map shows the position of HOLMEFIELD on MAIN ROAD.