MARISCO, JUBILEE ROAD, NORTH SOMERCOTES, LOUTH, LN11 7LH - £161,000

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

MARISCO is a very small extended detached house of 68m², built sometime between 1900 and 1929. It was last sold for £161,000 in July 2021, which was around 33% below the average July 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was F, and the potential energy rating was B.

MARISCO Sold Prices

Land registry data shows three sales for MARISCO 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 MARISCO 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
2021 12 JUL	£161,000	£239,638	33% below HPI
2018 31 JUL	£157,500	£217,358	28% below HPI
2009 16 OCT	£102,000	£165,414	38% below HPI

MARISCO 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 MARISCO sales between October 2009 and July 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 July 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2021 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is MARISCO?

MARISCO is 68m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where MARISCO lies on this distribution: 8% of detached houses are smaller than MARISCO, and 90% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

MARISCO: Plot and Title Map

MARISCO sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of MARISCO, 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 MARISCO). 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 MARISCO?

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