LYRIC COTTAGE, STOURTON PLACE, HORNCASTLE, LN9 5AZ - £315,000

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

LYRIC COTTAGE is a large extended detached house of 138m², built sometime between 1996 and 2002. It was last sold for £315,000 in December 2021, which was around 19% above the average December 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was C.

LYRIC COTTAGE Sold Prices

Land registry data shows two sales for LYRIC COTTAGE 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 LYRIC COTTAGE 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
2021 10 DEC	£315,000	£263,970	19% above HPI
2009 4 DEC	£178,500	£166,109	7% above HPI

LYRIC COTTAGE 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 LYRIC COTTAGE sales from December 2009 and December 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 December 2009 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the December 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might LYRIC COTTAGE be worth now?

LYRIC COTTAGE might now be worth an estimated £339,967.

This is based on house price inflation of 7.9%, between December 2021 and December 2024, 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 7.9% inflationary increase is applied to the most recent sale price for LYRIC COTTAGE of £315,000 on 10th December 2021. For the value to have increased from £315,000 to £339,967 over the three years to December 2024, the following assumptions must hold true:

• The value of LYRIC COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of LYRIC COTTAGE has not materially changed since December 2021.

How Large is LYRIC COTTAGE?

LYRIC COTTAGE is 138m², which includes three extensions, according to the EPC inspection conducted in March 2021. This puts it in the largest 30% of detached houses houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horncastle, and where LYRIC COTTAGE lies on this distribution: 79% of detached houses houses are smaller than LYRIC COTTAGE, and 20% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

LYRIC COTTAGE: Plot and Title Map

LYRIC COTTAGE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of LYRIC COTTAGE, 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 LYRIC COTTAGE). 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 LYRIC COTTAGE?

LYRIC COTTAGE is located on STOURTON PLACE in HORNCASTLE, in the LN9 postcode district. The below map shows the position of LYRIC COTTAGE on STOURTON PLACE.