JASMIN, WILLERTON ROAD, NORTH SOMERCOTES, LOUTH, LN11 7NH - £158,000

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

JASMIN is a large detached house of 131m², built sometime between 1996 and 2002, which could now be worth an estimated £237,693. It was last sold for £158,000 in June 2007, which was around 17% below the average June 2007 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2023, where the current energy rating was D, and the potential energy rating was C.

JASMIN Sold Prices

Land registry data shows two sales for JASMIN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. One of the two JASMIN sales was for below the average price, whilst the other was roughly equal to 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
2007 20 JUN	£158,000	£190,278	17% below HPI
2002 27 AUG	£107,500	£107,027	Close to HPI

JASMIN 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 two JASMIN sales from August 2002 and June 2007 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 August 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2007 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might JASMIN be worth now?

JASMIN might now be worth an estimated £237,693.

This is based on house price inflation of 50.4%, between June 2007 and February 2025, 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 50.4% inflationary increase is applied to the most recent sale price for JASMIN of £158,000 on 20th June 2007. For the value to have increased from £158,000 to £237,693 over the eighteen years and four months to February 2025, the following assumptions must hold true:

• The value of JASMIN has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2007 sale price of £158,000 represented a fair market value for the property.
• The size, condition, and specification of JASMIN has not materially changed since June 2007.

How Large is JASMIN?

JASMIN is 131m² according to the EPC inspection conducted in December 2023. This puts it in the largest 40% of detached houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Somercotes, and where JASMIN lies on this distribution: 67% of detached houses houses are smaller than JASMIN, and 33% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

JASMIN: Plot and Title Map

JASMIN sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of JASMIN, 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 JASMIN). 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 JASMIN?

JASMIN is located on WILLERTON ROAD in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of JASMIN on WILLERTON ROAD.