MAYFAIR, JUBILEE ROAD, NORTH SOMERCOTES, LOUTH, LN11 7LH - £278,000

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

MAYFAIR is a large extended detached house of 132m², built sometime between 1930 and 1949. It was last sold for £278,000 in March 2023, which was around 2% below the average March 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was C.

MAYFAIR Sold Prices

Land registry data shows three sales for MAYFAIR 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 MAYFAIR 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
2023 31 MAR	£278,000	£282,466	2% below HPI
2018 29 OCT	£189,000	£218,755	14% below HPI
2006 24 MAR	£120,000	£168,359	29% below HPI

MAYFAIR 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 MAYFAIR sales between March 2006 and March 2023 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 October 2018 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is MAYFAIR?

MAYFAIR is 132m², which includes two extensions, according to the EPC inspection conducted in January 2024. This puts it in the largest 40% 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 MAYFAIR lies on this distribution: 68% of detached houses are smaller than MAYFAIR, and 32% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

MAYFAIR: Plot and Title Map

MAYFAIR sits on a plot of roughly 0.197 of an acre, or 799m². The below map shows the location of MAYFAIR, 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 MAYFAIR). 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 MAYFAIR?

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