MEADOW VIEW, BANK END, NORTH SOMERCOTES, LOUTH, LN11 7LJ - £455,000

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

MEADOW VIEW is a very large extended detached house of 242m², built sometime between 1996 and 2002. It was last sold for £455,000 in June 2022, which was around 66% above the average June 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was D.

MEADOW VIEW Sold Prices

Land registry data shows three sales for MEADOW VIEW 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 MEADOW VIEW 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
2022 1 JUN	£455,000	£273,704	66% above HPI
2007 6 MAR	£300,000	£183,016	64% above HPI
2001 27 JUL	£122,500	£80,837	52% above HPI

MEADOW VIEW 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 MEADOW VIEW sales between July 2001 and June 2022 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 March 2007 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the June 2022 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is MEADOW VIEW?

MEADOW VIEW is 242m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 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 MEADOW VIEW lies on this distribution: 98% of detached houses are smaller than MEADOW VIEW, and 2% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

MEADOW VIEW: Plot and Title Map

MEADOW VIEW sits on a plot of roughly 0.215 of an acre, or 872m². The below map shows the location of MEADOW VIEW, 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 MEADOW VIEW). 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 MEADOW VIEW?

MEADOW VIEW is located on BANK END in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of MEADOW VIEW on BANK END.