IONA, LOWTHORPE, SOUTHREY, LINCOLN, LN3 5TD - £235,000

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

IONA is a large detached house of 136m², built sometime between 1983 and 1990, which could now be worth an estimated £382,027. It was last sold for £235,000 in May 2009, which was around 34% above the average May 2009 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was D.

IONA Sold Prices

Land registry data shows two sales for IONA 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 IONA 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
2009 22 MAY	£235,000	£175,265	34% above HPI
2007 9 MAR	£225,000	£185,212	21% above HPI

IONA 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 IONA sales from March 2007 and May 2009 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 March 2007 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2009 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might IONA be worth now?

IONA might now be worth an estimated £382,027.

This is based on house price inflation of 62.6%, between May 2009 and December 2024, 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 62.6% inflationary increase is applied to the most recent sale price for IONA of £235,000 on 22nd May 2009. For the value to have increased from £235,000 to £382,027 over the fourteen years and five months to December 2024, the following assumptions must hold true:

• The value of IONA has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2009 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of IONA has not materially changed since May 2009.

How Large is IONA?

IONA is 136m² according to the EPC inspection conducted in August 2022. This puts it in the largest 30% of detached houses houses in Southrey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southrey, and where IONA lies on this distribution: 71% of detached houses houses are smaller than IONA, and 29% of houses are larger. Note that EPC data is not available for all properties in Southrey.

IONA: Plot and Title Map

IONA sits on a plot of roughly 0.585 of an acre, or 2,367m². The below map shows the location of IONA, 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 IONA). 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 IONA?

IONA is located on LOWTHORPE in SOUTHREY, in the LN3 postcode district. The below map shows the position of IONA on LOWTHORPE.