LYNWOOD, KEELING STREET, NORTH SOMERCOTES, LOUTH, LN11 7PL - £167,000

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.

LYNWOOD is a large extended detached house of 121m², built sometime before 1900, which could now be worth an estimated £270,550. It was last sold for £167,000 in January 2015, which was around 5% below the average January 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2014, where the current energy rating was F, and the potential energy rating was C.

LYNWOOD Sold Prices

Land registry data shows two sales for LYNWOOD 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. Both of the two LYNWOOD sales were for below 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 16 JAN	£167,000	£176,692	5% below HPI
2012 1 JUN	£133,000	£165,081	19% below HPI

LYNWOOD 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 LYNWOOD sales from June 2012 and January 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 June 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2015 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might LYNWOOD be worth now?

LYNWOOD might now be worth an estimated £270,550.

This is based on house price inflation of 62%, between January 2015 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 62% inflationary increase is applied to the most recent sale price for LYNWOOD of £167,000 on 16th January 2015. For the value to have increased from £167,000 to £270,550 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of LYNWOOD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2015 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of LYNWOOD has not materially changed since January 2015.

How Large is LYNWOOD?

LYNWOOD is 121m², which includes one extension, according to the EPC inspection conducted in July 2014. 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 LYNWOOD lies on this distribution: 63% of detached houses houses are smaller than LYNWOOD, and 37% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

LYNWOOD: Plot and Title Map

LYNWOOD sits on a plot of roughly 0.234 of an acre, or 946m². The below map shows the location of LYNWOOD, 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 LYNWOOD). 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 LYNWOOD?

LYNWOOD is located on KEELING STREET in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of LYNWOOD on KEELING STREET.