HOME FARM, MAIN ROAD, LAUGHTERTON, LINCOLN, LN1 2JZ - £388,000

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.

HOME FARM is a very large detached house of 262m², built sometime before 1900, which could now be worth an estimated £493,631. It was last sold for £388,000 in October 2018, which was around 70% above the average October 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was C.

HOME FARM Sold Prices

Land registry data shows four sales for HOME FARM since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four HOME FARM 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
2018 11 OCT	£388,000	£228,819	70% above HPI
2014 30 JAN	£355,000	£193,157	84% above HPI
2007 3 AUG	£338,000	£198,324	70% above HPI
1999 30 NOV	£130,000	£74,391	75% above HPI

HOME FARM 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 four HOME FARM sales between November 1999 and October 2018 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 2014 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the October 2018 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might HOME FARM be worth now?

HOME FARM might now be worth an estimated £493,631.

This is based on house price inflation of 27.2%, between October 2018 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.2% inflationary increase is applied to the most recent sale price for HOME FARM of £388,000 on 11th October 2018. For the value to have increased from £388,000 to £493,631 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of HOME FARM has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2018 sale price of £388,000 represented a fair market value for the property.
• The size, condition, and specification of HOME FARM has not materially changed since October 2018.

How Large is HOME FARM?

HOME FARM is 262m² according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of detached houses houses in Laughterton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Laughterton, and where HOME FARM lies on this distribution: 98% of detached houses houses are smaller than HOME FARM, and 3% of houses are larger. Note that EPC data is not available for all properties in Laughterton.

HOME FARM: Plot and Title Map

HOME FARM sits on a plot of roughly 0.326 of an acre, or 1,319m². The below map shows the location of HOME FARM, 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 HOME FARM). 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 HOME FARM?

HOME FARM is located on MAIN ROAD in LAUGHTERTON, in the LN1 postcode district. The below map shows the position of HOME FARM on MAIN ROAD.