MARIC, KEELING STREET, NORTH SOMERCOTES, LOUTH, LN11 7PR - £165,000

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.

MARIC is a large semi-detached house of 151m², built sometime between 1930 and 1949, which could now be worth an estimated £227,618. It was last sold for £165,000 in May 2018, which was around 18% above the average May 2018 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

MARIC Sold Prices

Land registry data shows three sales for MARIC 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. All of the three MARIC 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
2018 14 MAY	£165,000	£139,864	18% above HPI
2007 26 JAN	£170,000	£122,195	39% above HPI
1997 17 JAN	£65,000	£36,578	78% above HPI

MARIC 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 MARIC sales between January 1997 and May 2018 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 2007 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the May 2018 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might MARIC be worth now?

MARIC might now be worth an estimated £227,618.

This is based on house price inflation of 38%, between May 2018 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 38% inflationary increase is applied to the most recent sale price for MARIC of £165,000 on 14th May 2018. For the value to have increased from £165,000 to £227,618 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of MARIC has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The May 2018 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of MARIC has not materially changed since May 2018.

How Large is MARIC?

MARIC is 151m² according to the EPC inspection conducted in September 2014. This puts it in the largest 30% 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 MARIC lies on this distribution: 77% of semi-detached houses houses are smaller than MARIC, and 22% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

MARIC: Plot and Title Map

MARIC sits on a plot of roughly 0.212 of an acre, or 856m². The below map shows the location of MARIC, 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 MARIC). 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 MARIC?

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