KINGS LEA, SOUTH ROAD, TETFORD, HORNCASTLE, LN9 6QB - £247,000

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

KINGS LEA is a midsized extended detached house of 146m², built sometime between 1996 and 2002. It was last sold for £247,000 in November 2015, which was around 31% above the average November 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2023, where the current energy rating was B, and the potential energy rating was B.

KINGS LEA Sold Prices

Land registry data shows three sales for KINGS LEA 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 KINGS LEA 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
2015 19 NOV	£247,000	£188,088	31% above HPI
2002 9 OCT	£175,000	£114,682	53% above HPI
2001 6 AUG	£145,000	£83,628	73% above HPI

KINGS LEA 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 KINGS LEA sales between August 2001 and November 2015 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 October 2002 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the November 2015 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is KINGS LEA?

KINGS LEA is 146m², which includes two extensions, according to the EPC inspection conducted in September 2023. This puts it in the largest 40% of detached houses in Tetford, based on EPC data. The below chart shows the distribution of detached houses by size in Tetford, and where KINGS LEA lies on this distribution: 59% of detached houses are smaller than KINGS LEA, and 39% of houses are larger. Note that EPC data is not available for all properties in Tetford.

KINGS LEA: Plot and Title Map

KINGS LEA sits on a plot of roughly 0.225 of an acre, or 912m². The below map shows the location of KINGS LEA, 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 KINGS LEA). 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 KINGS LEA?

KINGS LEA is located on SOUTH ROAD in TETFORD, in the LN9 postcode district. The below map shows the position of KINGS LEA on SOUTH ROAD.