LAKESIDE, JUBILEE ROAD, NORTH SOMERCOTES, LOUTH, LN11 7LH - £110,000

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.

LAKESIDE is a very small extended semi-detached house of 58m², built sometime between 1900 and 1929, which could now be worth an estimated £135,405. It was last sold for £110,000 in April 2021, which was around 30% below the average April 2021 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was B.

LAKESIDE Sold Prices

Land registry data shows three sales for LAKESIDE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three LAKESIDE sales were for below the average price, whilst one was 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
2021 23 APR	£110,000	£156,743	30% below HPI
1999 15 JAN	£37,000	£43,003	14% below HPI
1996 11 NOV	£38,000	£36,862	3% above HPI

LAKESIDE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three LAKESIDE sales between November 1996 and April 2021 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 1999 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the April 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might LAKESIDE be worth now?

LAKESIDE might now be worth an estimated £135,405.

This is based on house price inflation of 23.1%, between April 2021 and February 2025, for semi-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 23.1% inflationary increase is applied to the most recent sale price for LAKESIDE of £110,000 on 23rd April 2021. For the value to have increased from £110,000 to £135,405 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of LAKESIDE has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The April 2021 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of LAKESIDE has not materially changed since April 2021.

How Large is LAKESIDE?

LAKESIDE is 58m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of semi-detached houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in North Somercotes, and where LAKESIDE lies on this distribution: 2% of semi-detached houses houses are smaller than LAKESIDE, and 98% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

LAKESIDE: Plot and Title Map

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

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