NEWHOLME, FERRY ROAD, SOUTHREY, LINCOLN, LN3 5TA - £290,000

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

NEWHOLME is a small detached house of 94m², built sometime between 1976 and 1982, which could now be worth an estimated £286,441. It was last sold for £290,000 in July 2022, which was around 1% above the average July 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was C.

NEWHOLME Sold Prices

Land registry data shows two sales for NEWHOLME since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. One of the two NEWHOLME sales was for above the average price, whilst the other was 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
2022 26 JUL	£290,000	£288,459	1% above HPI
1997 13 OCT	£54,500	£70,632	23% below HPI

NEWHOLME Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two NEWHOLME sales from October 1997 and July 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 October 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2022 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might NEWHOLME be worth now?

NEWHOLME might now be worth an estimated £286,441.

This is based on house price deflation of 1.2%, between July 2022 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.2% deflationary decrease is applied to the most recent sale price for NEWHOLME of £290,000 on 26th July 2022. For the value to have decreased from £290,000 to £286,441 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of NEWHOLME has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of NEWHOLME has not materially changed since July 2022.

How Large is NEWHOLME?

NEWHOLME is 94m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses houses in Southrey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southrey, and where NEWHOLME lies on this distribution: 37% of detached houses houses are smaller than NEWHOLME, and 60% of houses are larger. Note that EPC data is not available for all properties in Southrey.

NEWHOLME: Plot and Title Map

NEWHOLME sits on a plot of roughly 0.169 of an acre, or 682m². The below map shows the location of NEWHOLME, 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 NEWHOLME). 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 NEWHOLME?

NEWHOLME is located on FERRY ROAD in SOUTHREY, in the LN3 postcode district. The below map shows the position of NEWHOLME on FERRY ROAD.